2010-09-29-2010-09-29

To buy equipment rental company, gaining two rental, sales and service locations targeting Alberta energy corridor.

CERF GP Corp., the general partner of Canadian Equipment Rental Fund LP, Calgary, (Toronto Venture: CFL-UN) plans to acquire all of the assets of a private Alberta-based equipment rental company for an undisclosed price.

The rental company operates two rental, sales and service locations in central and western Alberta. The current management team of the company will remain to manage operations. The new assets will compliment Canadian Equipment Rental's 4-Way Equipment Rental business and expands the company's presence in the western Alberta corridor that is currently active with oilfield drilling and construction and maintenance operations.

CERF GP president Wayne Wadley says, "We are excited about this acquisition in that there are several immediate synergies with our 4-Way Equipment Rentals operations. This acquisition will provide for both 4-Way and Rentco to supply our common customer base with a larger fleet of equipment but also with products, which are currently unique to each of the respective operations."

The deal is expected to close by mid-November.