Equipment rental specialist becomes part of family firm with long history
Deal Flash
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.
We are absolutely delighted with the exceptional level of service and invaluable assistance we received from 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. Oaklins’ 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 acquiror to the table and were instrumental in negotiating the best transaction structure.CHEDO SOBOT, CO-FOUNDER & CHAIRMAN, SKYTEC RENTALS, CANADA
Oaklins assisted in finding a suitable partner
Oaklins acted as the sell-side M&A advisor to Skytec Rentals in this transaction. The team was involved throughout the preparation of the sale process and supported all aspects of the transaction, from the negotiation of the letter of intent until closing.
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