Stephenson's Rental Services Set to Acquire Second Largest Independent Equipment Rental Company in the Greater Toronto Area

Abstract

"Strategically, this is a tremendous opportunity for [Stephenson]'s, and is consistent with the growth strategy we articulated at the time of our initial public offering," commented William D. Swisher, President and Chief Executive Officer. "Through this acquisition of our largest independent competitor, we have further solidified our leading market position in Toronto and the surrounding areas."

"The assets we are acquiring are highly complementary to Stephenson's existing operations," continued Mr. Swisher, "and should provide a number of key benefits to Stephenson's and its unitholders, including: