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Simplex Equipment Rental acquires Skytec Rentals

June 13, 2023  By Don Horne

Company’s largest acquisition in 116 years lays the foundation for expansion in Ontario

Simplex Equipment Rental Inc., a family-owned Quebec company specializing in tool and equipment rentals including telehandlers, today announced the acquisition of Skytec Rentals Inc. a privately-owned equipment rental company specializing in aerial work platforms, located in Hamilton, Ont.

Photo courtesy of Skytec Rentals.

“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. 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,” said Euclide Véronneau, President of Simplex Equipment Rental Inc.

Skytec was founded in 2012 by equipment rental experts with over 20 years of experience in the field, and is expanding rapidly, employing around 40 people.

“From the very first meetings, the chemistry was quickly established! 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,” said Frank Tam, CEO, Skytec Rentals Inc.

The company offers products manufactured by Genie, JLG, MEC and Skyjack. Skytec serves the golden horseshoe, including the regions of Niagara Falls, London, Toronto, Barrie, Georgetown, Orangeville, Peterborough, Oshawa and Belleville.

No changes are planned within the company, which will retain its brand name. All jobs are being maintained, and Simplex even plans to make several new hires to support Skytec’s development.

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