NewSpring Mezzanine Capital Announces Investment in Rental Equipment Investment Corporation

Radnor, PA – June 2, 2016 – NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that NewSpring Mezzanine Capital (“NewSpring”), the firm’s dedicated mezzanine fund, has led an investment in Rental Equipment Investment Corporation (“REIC”). NewSpring partnered with REIC’s CEO and existing shareholders; proceeds will be used to … Read more…

FEATURE: World Rental Report

http://www.khl.com/subscriptions/magazines/international-rental-news/ As the benefits of renting equipment rather than owning it continue to be recognised around the world, IRN caught up with senior figures from the global industry to get some perspective on the state of the market in different countries and regions. Covering all four corners of the Earth, this report features interviews with … Read more…

Midway Rentals Opens Bozeman, Montana, Branch

Midway Rental has opened a new equipment rental location in Bozeman, Mont., the fifth location in Montana that Midway operates. Midway is owned by Rental Equipment Investment Corp. through its wholly owned subsidiary RE Investment Co. The company also has stores in Great Falls, Kalispell, Shelby and Whitefish, Mont. The startup branch is Midway’s first … Read more…

REIC Acquires Reliable Equipment Rental

Rental Equipment Investment Corp. has purchased all of the assets and certain liabilities of Reliable Equipment Rental, an equipment rental company based in Wheatland, Wyo. REIC is an equipment rental holding company led by Kevin Fitzgerald and other private investors. “Reliable is an excellent well-run company with a management team led by Mr. Ben Hilty,” … Read more…

Rental Equipment Investment Corp Expands

Rental Equipment Investment Corp (REIC) has acquired Hillside Rental, an equipment rental company based in Evans, Colorado, US. REIC is an equipment rental holding company led by former Neff Corp Kevin Fitzgerald and other private investors. REIC CEO Mr Fitzgerald said, “Hillside is an excellent well-run company that has been operating in the northeast of … Read more…