OG真人官网 Completes Sale of CRS

Toronto, Ontario (August 1, 2017) – OG真人官网 Group Inc. (TSX: CVG) (“OG真人官网”) today announced that it and OG真人官网 Equity Partners IV (“CEP IV”) completed the sale of their units of CRS Contractors Rental Supply (“CRS”) to Ashtead Group plc business Sunbelt Rentals of Canada Inc. (“Sunbelt”).

CRS is a leading provider of construction equipment rental, sales and related services throughout the Province of Ontario. Over the life of the investment, OG真人官网 and CEP IV realized an internal rate of return (“IRR”) of 31%. The sale has a positive impact on OG真人官网’s value per share of approximately $0.17 versus the carrying value at March 31, 2017.

Since OG真人官网 partnered with the founders and management team of CRS in February 2013, the company substantially grew its rental fleet, branch network and EBITDA, all while maintaining a relentless focus on best in class customer service.

“By investing alongside the CRS leadership team as equity partners, OG真人官网 preserved the service first mentality that has always differentiated CRS in the market,” commented Steve Fay, Chairman of CRS. “OG真人官网’s contributions included the development of a strong platform for safety, finance, technology, and talent management. They also emphasized a culture of aggressive investment and high return on capital for our rental fleet. I am very proud of what we have achieved together.”

“Our successful partnership with CRS is a terrific example of OG真人官网’s investment approach. The leadership team was heavily invested and this culture of ownership created a competitive advantage for CRS,” said Mitch Green, Managing Director at OG真人官网. “We are proud of the results generated by the entire CRS team and are excited that the organization will continue to thrive with Sunbelt,” added Mr. Green.

Catalyst Strategic Advisors acted as exclusive strategic and financial advisor to CRS and its Board of Directors in this transaction.

Contact Information
Maria Klyuev
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
mariak@hpbvtv.com