Deal Completion: Northgate Rent-All Sale to Private Buyer
Toronto, Ontario, August 2, 2018 – Beacon Corporation (“Beacon”) is pleased to announce the completion of the sale of Northgate Rent-All Inc. (“Northgate Rent-All”) to a Private Buyer (“Buyer”). Beacon acted as an exclusive sell-side advisor for Northgate Rent-All and facilitated the process of valuation, confidential marketing, buyer screening, offer and deal term negotiations, and due diligence.
Northgate Rent-All, established in mid-1970s, is one of the leading full-service rental company’s within Southwestern Ontario. The business offers over 400+ rental items, including party, construction and outdoor event-related equipment to residential and commercial users.
Beacon ran an extensive sales process, vetting potential acquirers with interest in the equipment rental business; a busy seasonal, retail and mechanical operation located outside of the GTA. Beacon’s deal team was involved in each step of the transaction and facilitated the ultimate outcome for Northgate Rent-All. Beacon’s sales agent identified an ideal buyer, also committed to the Brantford community and after several rounds of negotiations and due diligence, the deal was completed in July 2018.
Beacon was engaged by Northgate Rent-All in August of 2017. “During the process, we identified and spoke with over thirty potential purchasers while maintaining complete confidentiality for the seller so as not to disturb staff or clients.“, commented April Harbottle, Salesperson with Beacon. “Ultimately I think we found a great buyer for Northgate Rent-All, that is committed to maintaining independent operations in Brantford and growing the business” she added.”
About Northgate Rent-All
Northgate Rent-All is located in Brantford, Ontario and has operated successfully for over 40 years. In addition to its rental fleet, it is an exclusive dealer of Stihl products in its area. Northgate Rent-All prides itself on its highly qualified mechanics that provide in-house equipment repair and maintenance services for their rental fleet, as well as for clients. The company continues to grow; geographically, with new products in its rental offering, and by capitalizing on the growth of outdoor venues by expanding its “tent and related services” business.
About Beacon Brokerage
Beacon Brokerage is a Toronto-based full-service business brokerage and merger & acquisition advisory services firm, which specializes in transactions of companies with Enterprise Value up to $50M. Beacon’s services include business valuations, targeted confidential marketing, qualification and pre-screening of prospects, assistance in negotiation and due diligence process in a holistic Transaction Advisory approach.