MONTREAL — Simplex Equipment Rental Inc. recently acquired Skytec Rentals Inc., the company’s largest acquisition in 116 years which lays the groundwork for expansion plans in Ontario.
Simplex Equipment Rental Inc. is a family-owned Quebec company specializing in tool and equipment rentals for all types of construction projects, as well as for the industrial, manufacturing, government, events and film sectors. Skytec Rentals Inc. is a privately-owned equipment rental company specializing in aerial work platforms, located in Hamilton, Ont.
Skytec was founded in 2012 by equipment rental experts with over 20 years of experience in the field and the company is expanding currently employing around 40 people, indicates a release. Skytec serves the Golden Horseshoe, including the regions of Niagara Falls, London, Toronto, Barrie, Georgetown, Orangeville, Peterborough, Oshawa and Belleville.
With the completion of this transaction, Simplex has become the 100 per cent owner of Skytec. No changes are planned within the company, which will retain its brand name and all jobs are being maintained, states the release, adding Simplex also plans to make several new hires to support Skytec’s development.
“We are very proud of this acquisition not only because Skytec is a very well-run company, but also because we share with its team common values and a business vision focused on customer needs and employee well-being,” said Euclide Véronneau, president of Simplex Equipment Rental Inc., in a statement. “This transaction is in line with our development plan, which includes acquisitions. It will certainly help strengthen our leadership position in the Canadian tool and equipment rental market, accelerate our growth in Ontario, and provide our customers with a superior product offering,”
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