A Hertz Global Holdings Inc unit in Canada has acquired assets of JD Irving Ltd's equipment rental business, Irving Industrial Rental (IIR), in Saint John, New Brunswick. Terms were not disclosed.

The purchase boosts the industrial market segment in the province for the Hertz unit, Matthews Equipment Ltd. In the Canadian province of Ontario, Matthews Equipment, a Bobcat dealer, is based in the Etobicoke neighbourhood of Toronto and has other sites in Barrie and Ottawa.

Founded in 1998, IIR rents aerial work platforms, forklifts and various other pieces of commercial equipment. IIR supplies non-operated rental equipment throughout Atlantic Canada to support industry needs for oil refining, pulp and paper, ship building, construction, manufacturing and mining.

"Matthews' acquisition of Irving Industrial Rental is instrumental in the company's continued growth in the Canadian industrial rental market," says Gerry Plescia, president of Hertz Equipment Rental Corp, a business unit of Park Ridge-based Hertz Global Holdings.

Family-owned JD Irving is based in Saint John and has operations in seven provinces in eastern Canada and various locations in the United States.