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

Sunlight Group has acquired a 51% stake in Lehmann Marine GmbH

Energy | Industrial Machinery & Components

Sunlight Group has acquired a 51% stake in Lehmann Marine GmbH

Through its acquisition of a 51% stake in Lehmann Marine GmbH, Sunlight Group continues to strengthen its position in the growing energy solutions market, while expanding its portfolio of innovative technologies. With over 30 years of expertise in producing lead-acid and lithium-ion batteries, Sunlight Group has established itself as a leader in advanced battery technology.

Learn more

Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland

Construction & Engineering Services

Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland

Tekova Oyj has successfully completed a technical listing (IPO) on the Nasdaq First North Growth Market Finland. This transaction marks a significant milestone in the company’s growth strategy, enhancing its visibility and access to capital markets.

Learn more

Mark Climate Technology has acquired Heber GmbH

Private Equity | Industrial Machinery & Components | Other Industries

Mark Climate Technology has acquired Heber GmbH

Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.

Learn more