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Stephenson’s Rental Services expands operations to Quebec
January 19, 2022 By Crane & Hoist Canada staff
Stephenson’s Rental Services has announced a strategic investment in Location GM — a Québec based equipment rental company with four branches.
The investment marks the first step for Stephenson’s in its plan to expand in the province of Québec. Alexandre Cantin and Jean-François Cantin, respectively shareholder and CEO and shareholder and CFO of Location GM, will continue in their roles and retain significant equity participation in Location GM.
“The investment in Location GM is an important step in the expansion plans of Stephenson’s in the province of Québec. It immediately provides a strong foothold in the province and represents a great platform to further expand our activity in Québec,” said Guy Manuel, CEO of Stephenson’s.
“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.”
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Stephenson’s plans to continue operations in Québec under the Location GM brand. The alliance between Location GM and Stephenson’s allows each business unit to retain its own DNA.
“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,” Alexandre Cantin and Jean-François Cantin said in a media release.
“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.”
Established nearly 50 years ago, Location GM serves customers in the Greater Montreal Area, the North Shore and the Laurentians.
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