Date closed: 2/9/2017
Value: C$8.5 million
On February 9, 2017, Canadian Equipment Rentals Corp. (CER) (TSX-V: CFL) completed the sale of the assets of its wholly-owned subsidiary, 4-Way Equipment Rentals Corp., to Cooper Rentals Canada Inc., for gross cash proceeds at closing of C$8.5 million.
CER, headquartered in Calgary, Alberta, is a public company that engages in the rental of surface rentals and accommodation to the Oil and Gas Industry. It also engages in the rental of industrial construction equipment.
Cooper Rentals Canada Inc., headquartered in Mississauga, Ontario, is a full-service construction equipment rental company.