Simplex Equipment Rental, a family-owned aerial equipment rental company better known as Location D’outils Simplex in its native Quebec, has acquired Skytec Rentals Inc., a privately owned equipment rental company also specializing in aerial equipment. Skytec is located in Hamilton, Ontario. The acquisition is the largest in the 116-year history of Simplex, and lays the groundwork for the company’s expansion into the province of Ontario.
Skytec was founded in 2012 by equipment rental experts that had more than 20 years of experience in the field. Skytec is expanding rapidly and employs around 40 people. It is recognized for its customer-centric approach and respect for people. Its customers operate in a wide range of sectors, including construction and industry. It offers products manufactured by Genie, JLG, MEC and Skyjack and continues to expand its equipment inventory. Skytec serves what’s known as the “golden horseshoe," including the regions of Niagara Falls, London, Toronto, Barrie, Georgetown, Orangeville, Peterborough, Oshawa and Belleville, Ontario.
“We are very proud of this acquisition not only because Skytec is a very well-run company, but also because we share with its team common values and a business vision focused on customer needs and employee well-being,” said Euclide Veronneau, president of Montreal-based Simplex.
“This transaction is in line with our development plan, which includes acquisitions. It will certainly help strengthen our leadership position in the Canadian tool and equipment rental market, accelerate our growth in Ontario and provide our customers with a superior product offering.”
“From the very first meetings, the chemistry was quickly established,” said Frank Tam, CEO of Skytec Rentals. “We’re very excited to be joining Simplex and combining our strengths with a team that’s like us and that’s respected in the Canadian industry. We are convinced that this transaction will be beneficial not only for our two organizations but also for companies looking for specialized equipment.”
Simplex said it intends to capitalize on the strong growth potential of the construction sector and many other industries in Southern Ontario and the Greater Toronto Area, one of North America’s largest markets. The company is also looking to expand its presence in the major events and film industries. Simplex is already very active in those sectors in Quebec.
With the completion of this transaction, Simplex has become the 100-percent owner of Skytec. It has said it has no plans to change Skytec, which will retain its brand name because of its strong reputation in its market area. All jobs are being maintained, it said, and Simplex plans to make several new hires to support Skytec’s growth.
Based in Montreal, Location D’outils Simplex is No. 55 on the RER 100, with about 40 branches in Quebec.
