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First Principles Capital Announces Third Platform Acquisition With Strategic Investment In A Family-Owned Equipment Rental Business
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TORONTO, Sept. 30, 2025 /CNW/ - First Principles Capital ("FPC"), a Toronto-based investment firm, is pleased to announce its investment in an Ontario-based equipment rental business (the "Company"). The Company is a second-generation family business and represents FPC's third platform investment.
This partnership marks the Company's first round of institutional capital and as part of the transaction, FPC facilitated a seamless ownership transition for the original founders while the second generation of family leadership, in combination with the rest of the Company's management team, have rolled 100% of their equity into the Company, underscoring their long-term commitment to its continued growth.
"We are grateful the Company has entrusted us to help support the next phase of growth. We are thrilled about our partnership with the existing management team and believe ample opportunity exists to capitalize on numerous growth levers, both organically and inorganically." – Braydon Myers, Co-Founder, FPC
"We have followed the North American equipment rental sector for a decade plus and are excited to be partnering with a leading platform with an experienced and aligned management team." – Harry Selvarajan, Co-Founder, FPC
With this partnership, FPC will work closely with management to continue building on the company's strong reputation, while pursuing strategic growth opportunities across Ontario and beyond.
About First Principles Capital
First Principles Capital is a Toronto-based investment firm dedicated to partnering with founder-led businesses in Canada and the United States. Today, FPC has three portfolio companies spanning the equipment rental, vertical market software, and sports rights industry. FPC is committed to building a platform of industry leaders and continues to seek opportunities to build partnerships with entrepreneurs.
SOURCE First Principles Capital
Frequently Asked Questions
What is First Principles Capital (FPC)?
FPC is a Toronto-based investment firm focused on partnering with founder-led businesses in Canada and the United States.
What kind of company did FPC invest in?
FPC invested in an Ontario-based equipment rental business, a second-generation family business.
What are FPC's plans for the company?
FPC will work with management to build on the company's reputation and pursue strategic growth opportunities.
First published on Thu, Oct 2, 2025
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