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Cooper Equipment Rentals Acquires Prime Rentals

March 05, 2019, 07:00 AM
Filed Under: Mergers & Acquisitions

Cooper Equipment Rentals Limited, an independent equipment rental company in Canada, announced it has acquired Prime Rentals Ltd. 

Prime Rentals has two locations in Lethbridge and nearby Taber, Alberta. Prime Rentals was established in 1979, and over the past several decades has developed a reputation for reliable, value-added service and has established a loyal base of customers that rely on the company to provide complete equipment rental solutions. Kim and Trina Tymko, the owners of Prime Rentals, will assist in ensuring a smooth transition of the acquisition over the next several months, Cooper Equipment said.

"We are excited about the expansion of our operations in the Southern Alberta market with the addition of Prime Rentals' experienced team of rental professionals, well-rounded equipment fleet and excellent branch facilities," said Darryl Cooper, President of Cooper.

Doug Dougherty, CEO of Cooper, added, "this strategic acquisition strengthens our position in the important Alberta market and allows us to better support customers throughout Southern Alberta. It moves us closer to our goal of establishing a national network of branches through which we can deliver best-in-class service to customers throughout Canada."

Kim Tymko, President of Prime Rentals said, "My wife, Trina, and I take great pride in the business our family has built, and we are deeply committed to Prime Rentals' employees and customers. We have every confidence that this transaction will provide meaningful opportunity for our employees and will allow Prime Rentals' customers to continue receiving the high level of service to which they have become accustomed."

Established in 1972, Cooper is a leading independent Canadian full-service construction equipment rental company, servicing contractors throughout Ontario and in parts of Quebec, Alberta and British Columbia. Cooper specializes in compact equipment and aerial rentals and offers a broad range of construction equipment and supplies, backed by unparalleled service and support. The Company operates in excess of 40 rental locations. In 2013 Cooper received a majority investment from SeaFort Capital.

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