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,” said Fitzgerald. “We are excited to purchase Reliable and continue with its management team to develop the Wyoming area. Our purchase of Reliable follows REIC’s purchase of Midway Rentals in December of 2014 and the opening of a new store in Bozeman, Montana, in June of this year. We plan to continue to expand REIC’s footprint through opening new stores and through acquisitions of other rental equipment companies.”