Skytec Rentals has been acquired by Simplex Equipment Rental

The shareholders of Skytec Rentals have sold the company to Simplex Equipment Rental.

Founded in 2012, Skytec Rentals is a privately owned equipment rental company that specializes in aerial work platforms. It provides a wide selection of high-quality and well-maintained equipment, including scissor lifts, boom lifts, personnel lifts and telehandlers. With a knowledgeable team and flexible rental options, Skytec Rentals has firmly established its position in Ontario, Canada.

Established in 1907, Simplex Equipment Rental is a prominent equipment rental company in Canada, offering an extensive collection of over 55,000 diverse products available for rent. With a robust presence in the industry, Simplex operates through a network of 34 branches and 11 mechanical shops, and has a dedicated workforce exceeding 500 employees, serving the regions of Quebec and Ontario.

Oaklins’ team in Canada acted as the exclusive sell-side financial advisor in this transaction.

Service

M&A sell-side

Parties

“We are absolutely delighted with the exceptional level of service and invaluable assistance we received from the Oaklins team during our entire sale process. Their deep expertise in the equipment rental space and extensive knowledge of buyers were instrumental in securing the best outcome for our company and its shareholders. The team exhibited a high level of professionalism and dedication, ensuring a smooth and efficient transaction. Engaging Oaklins as our exclusive advisor was undoubtedly the best decision we made, as they successfully brought the right acquirer to the table and were instrumental in negotiating the best transaction structure.”

Chedo Sobot

Chairman and co-founder, Skytec Rentals

Talk to the deal team

Guillaume Poulin

Managing Partner

Toronto, Canada
Oaklins Canada

View profile Get in touch

Blair Agnew

Partner

Toronto, Canada
Oaklins Canada

View profile Get in touch

Related deals

Tecnosafra has been acquired by Tranorte

Agriculture | Industrial Machinery & Components

Tecnosafra has been acquired by Tranorte

Tecnosafra Sistemas Mecanizados Ltda. has been acquired by Tranorte reinforcing their commitment to delivering agricultural equipment and high-quality service to producers across their regions. The integration expands geographic coverage, strengthens after-sales capabilities and enhances access to agriculture technologies, parts availability and field support teams.

Learn more

MEDIK Hospital Design Group has been acquired by STERIS

Construction & Engineering Services | Healthcare

MEDIK Hospital Design Group has been acquired by STERIS

The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.

Learn more

GCT GmbH has been acquired by CTC India and JoReiCo GmbH

Industrial Machinery & Components

GCT GmbH has been acquired by CTC India and JoReiCo GmbH

GCT GmbH has been acquired by CTC India Pvt. Ltd. and JoReiCo GmbH from Extramet AG, gaining access to a broader network of expertise, enhanced resources and a global sales network. With its extensive experience in diamond coating and its broad client base in the printed circuit board (PCB) tool market, GCT brought new momentum and specialist knowledge to its buyers.

Learn more