Stephenson’s Rental Services has acquired Centre de Location GM Inc., a Québec-based equipment rental company with four branches. This investment marks the first step for Stephenson’s in its plan to expand in the province of Québec. Alexandre Cantin, shareholder and CEO, and Jean-François Cantin, shareholder and chief financial officer of Location GM, will continue in their respective roles and retain significant equity participation in Location GM. Operations in Québec will continue to be operated under the Location GM brand.
“The investment in Location GM is an important step in the expansion plans of Stephenson’s in the province of Québec,” said Guy Manuel, CEO of Stephenson’s. “It immediately provides a strong foothold in the province and represents a great platform to further expand our activity in Québec. After meeting with Alexandre Cantin and Jean-François Cantin, we quickly realized that they were the right partners to work with in Québec. On a personal note, being born and raised in Québec City, this investment has the feeling of coming home. We welcome all the Location GM employees and all Stephenson’s employees into our expanded family.”
“This transaction allows us to continue to serve our current clients while at the same time accelerating our growth across Québec through having access to significantly more capital and best in class technology,” said Alexandre Cantin and Jean-François Cantin. “It also represents a great opportunity for our employees to be part of our exciting growth plans. We are extremely pleased to work with our new colleagues at Stephenson’s to significantly grow Location GM’s presence in Québec.”
Stephenson’s Rental Services is a full-service equipment rental provider for more than 65 years with locations in Ontario and Alberta. Location GM Inc. was established almost 50 years ago. It serves its clients through its four branches in Laval, Boisbriand, Ste Agathe des Monts and Ste-Adèle.
Stephenson’s was represented by Goodmans and BCF as legal counsel and Oaklins E. Canada as financial advisor. Location GM was represented by De Grandpré Chait as legal advisor.
Stephenson’s Rental Services, headquartered in Mississauga, Ontario, is No. 36 on the RER 100.
