The Company is a construction equipment rental and sale business serving general contractors, oil and industrial companies, and agriculture businesses in this Western Canadian Province. The Company has hundreds of pieces of equipment for rent, including scissor and boom lifts reaching up to 135 feet, telehandlers, forklifts, excavators, loaders, backhoes, trenchers, welders, heaters, light towers, generators, compressors, equipment trailers, and more. In addition to rentals, the Company offers new and used equipment for sale, as well as equipment repair and maintenance services, including for customer-owned equipment. Customer satisfaction is the Company’s number one priority, providing efficient and friendly service to achieve this.

Decades-Old Business — Founded 30 years ago, the Company has built an excellent name and reputation with its customers and the in the industries it serves.

Diversified Customer Industries — The Company targets a wide range of industries, mitigating dependency on any one sector and industry-driven cyclicality. The Company rents to general contractors, plumbing and electrical contractors, agriculture plants and terminals, farming, oil and gas industries, excavation companies, mining companies, power line contractors, landscapers, and to the general public.

Large and Loyal Customer Base — With 850 customers, and all accounts generating 16% or less of total sales during each of the last three years, the Company has many loyal customers who generate an estimated 80% repeat business annually.

Full-Service Rental Firm — The Company offers its own transportation service to get machines to and from a customer’s jobsite. Having a small fleet of truck and trailer options allows the Company to dispatch its own equipment and give accurate delivery and pickup times at competitive rates. The Company offers customers regular routine equipment maintenance, as well as repair services, including for customer-owned equipment.

Extremely Profitable Business — In fiscal 2024, revenue decreased by 8.6% as it normalized after the rapid increase experienced in fiscal 2023 due to pent-up demand coming out of the COVID pandemic. Through the pandemic, the Company remained extremely profitable, with adjusted EBITDA increasing from 57.1% of sales in fiscal 2022 to 73.0% in fiscal 2024. Going forward, management expects EBITDA margins to moderate at about 66% of sales.