Experience - Provincial Capital Corporation
Provincial Capital Corporation
Provincial Capital Corporation had built a successful transportation business over many years in Mississauga Ontario specializing in the rental and leasing of 53-foot transport trailers. The Company’s main subsidiary Provincial Trailer Rental (PTR) was one of the largest independent operators in Eastern Canada.
Alexander Capital was retained to examine liquidity options for the owner and ultimately undertook an organized sale of the business. Following a broad canvassing of the industry, Lions Gate Trailers of Vancouver emerged as the successful bidder. PTR's Eastern Canadian business was highly complementary to Lions Gate's Western Canadian operation allowing Lion's Gate to create a nationwide platform in one strategic transaction while giving the owners of Provincial Capital a premium valuation on exit.