Arundel Capital, a privately-held industrial equipment lease financing company headquartered in Calgary, AB, reached an agreement to buy out its minority partner, Jean Perreault.

Perreault has been an integral part of Arundel Capital, contributing to the company’s efforts in Quebec and playing a role in enhancing the transition with his expertise and commitment to supporting small and medium-sized businesses operated by French Canadians.

“Jean has been a great partner that helped the company establish its presence in Quebec,” Randy Smyth, CEO of Arundel Capital, said. “We are excited about the opportunities that lie ahead for Arundel Capital. We wish Jean the best of luck in his own endeavors and look forward to continuing our relationship with him in the future.”

“I would like to thank Randy and his senior management for the opportunity to join the Arundel family six years ago,” Perreault said. “It is impressive to see the profitable growth Arundel Quebec has enjoyed through the hard work and dedication of the team. The business is very well positioned for the future as I transition to my next challenge.”