Rental services company closes a strategic investment in Canada
Stephenson’s Rental Services has made a strategic investment in Centre de Location G.M. Inc. (Location G.M.), a Quebec-based equipment rental company with four branches. This investment marks the first step for Stephenson’s in its plan to expand in the province of Quebec, and increases its national footprint to three provinces and 49 branches.
Headquartered in the Greater Toronto Area, Stephenson’s is a long-established and leading player in the dynamic Canadian equipment rental sector. It also provides complementary services, including equipment delivery and repair.
The investment in Location G.M. is an important step in the expansion plans of Stephenson’s within the province of Quebec. It immediately provides a strong foothold in the province and represents a great platform to further expand our activity. The Oaklins teams in Toronto and Montreal were instrumental in identifying Location G.M. as a potential target, establishing a strong connection with its owners and assisting us until the end with the execution of this important transaction.KARIM NENSI, CFO, STEPHENSON’S RENTAL SERVICES, CANADA
Oaklins played a major role in finding the right partner
Oaklins’ team in Canada was instrumental in executing this landmark transaction. Having developed a strong relationship with Stephenson’s and a unique understanding of its priorities, the team approached Quebec-based equipment rental companies to identify the perfect match. The team ensured that a high level of mutual confidence was present between the parties, to bring this transaction to a successful closing.
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