Clairvest Group has invested $39.5 million in CRS Contractors Rental Supply, a provider of construction rental equipment and related merchandise.
“We are excited to partner with a true leader in the Canadian equipment rental field. CRS has a proven business model and solid track record of profitable growth. The management of CRS are significant owners of the business alongside Clairvest and we look forward to working with them in the coming years to help achieve their growth initiatives,” said Mitch Green, Principal of Clairvest.
CRS Contractors Rental Supply is a provider of construction rental equipment and related merchandise. The company has 21 locations in Ontario and more than 270 employees. The company is based in London, Ontario (www.contractorsrentalsupply.ca).
“CRS is an entrepreneurial business that enjoys success by providing outstanding service to our customers. We believe Clairvest is a great fit to help take CRS to the next level. Our team is ready to drive continued growth through new stores, expansion of product lines, and acquisitions. We are also proud to remain an independent, Canadian-owned business while creating a great opportunity for our next level of management and all employees,” said Steve Fay, CEO.
The Clairvest Group invests in mid-market companies, principally in North America, across a range of industries. Clairvest looks to invest from $15 million to $50 million in equity capital in companies with EBITDAs from $5 million to $40 million. Desired ownership percentages range from 20% to 80%. The firm is based in Toronto, ON (www.clairvest.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-5-13