Date
Mar 2012
Region
Canada
Generational Equity, a leading mergers and acquisitions advisor for privately-held middle-market companies, is pleased to announce the acquisition of certain assets of its client, Carter Car & Truck Rentals (Carter) headquartered in Hamilton, Ontario, by Calmont Leasing Ltd. (Calmont), headquartered in Edmonton, Alberta. The transaction closed on March 15, 2012.
Carter is a leading multi-location truck, car, and trailer rental dealership with offices throughout southern Canada. Carter has a long history of providing customers with current models, high quality products, and outstanding service, tailored to the needs of its clients. Managing Directors Doug Smith, Mike Hammer and Vice President, Michael Goss led the Generational Equity deal team that advised Carter on the transaction.
Calmont is a primary dealer of new and pre-owned vehicles throughout Edmonton, Alberta. Calmont treats each individual customer with care and commitment, offering a wide range of financing options and vehicle choices for optimal service. The dealership provides a dedicated sales staff with trained, experienced technicians to assist in making every vehicle shopping experience easy and effective. "The Carter group had a clear understanding of what the best deal would look like and appreciated the strong synergies with Calmont Leasing. This made for very agreeable negotiations and a good win-win deal," stated Mike Hammer, Generational Equity managing director. basis.”
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