Rental Equipment Investment Corp.
Founded in 2014 by industry veteran Kevin Fitzgerald, REIC rapidly established itself as a meaningful player and one of the fastest growing companies in the North American rental services industry. REIC’s uniquely differentiated acquisition and operating model, focused on acquiring private companies in small to mid-sized growing geographic markets, and maintaining legacy brands while providing financial and operational support to accelerate growth, has led to the successful completion of 15 acquisitions and 7 greenfield openings in less than 8 years. With corporate headquarters in Miami, FL, REIC now operates two divisions, General Rental and Specialty Rental, with 42 locations across North America under 8 brands.
Our General Rental Division focuses on providing the highest quality aerial, earthmoving, power, compression, and other small types of equipment for contractors and homeowners, and consists of a strategic footprint of 29 locations across 7 states. Our Specialty Rental Division provides a wide variety of HVAC equipment and solutions for multiple applications and is currently comprised of 5 distinct brands operating in 19 locations across North America.
In December 2021, existing management along with Kinderhook Industries, LLC, a well-respected private investment firm that manages over $5 billion of committed capital, recapitalized REIC. This newly formed partnership has enabled us to significantly accelerate our organic growth plan and pursue strategic add-on acquisitions, while also positioning us better to provide our customers with even faster service, better equipment, and a more comprehensive customer experience.
“Our vision going forward is to maintain the spirit, culture, and environment of the companies we acquire, while taking advantage of having a centralized financial structure and the synergies this can afford.
Our recent partnership with Kinderhook has enabled us to significantly accelerate our long-term growth plans.”
Kevin Fitzgerald, CEO
Get to know the industry veterans and forward-thinking executives leading the REIC family:
Kevin founded REIC in 2014. He started in the equipment rental industry in 1995 as the CEO of Neff Rental. Kevin leads REIC and is responsible for all acquisitions, capital and overall management and strategic direction of REIC.
Greg has over 28 years of diverse experience in engineering, law, finance and management. Greg was most recently the Chief Investment Officer of the Broe Group, a multi-billion dollar investment company, with holdings primarily in industrial businesses and real estate developments. Prior to that, Greg was the CEO of a technology company and a Managing Director at Wells Fargo Capital Finance.
Derek has over 20 years’ experience in the rental industry, holding a variety of senior financial and operational roles throughout the US and Europe. He joined REIC via the acquisition of Cahill Rentals and oversees the financial, accounting and administrative operations for the REIC Group.
Dustin has been in the equipment rental industry since 1994 working in several management roles for Arrow Rentals, Prime Equipment, Rental Service Corp, Pro Rental and Sales and REIC.
SVP, Rental Operations
Craig started working in the equipment rental industry in 1995. Prior to joining REIC in 2016, Craig held management roles for Tri-County Rentals, ABC Rentals, Pro Rental and Sales and REIC Regional Vice President of Operations for Region 1. Craig was recently promoted to Senior Vice President of Operations for all REIC's field operations in the General Rental Division.
Matt is a seasoned financial executive who has been with REIC since 2014. Previously, he was the Controller of Midway Rental and CFO of Northwest Fuel Systems. Matt oversees all REIC’s financial, accounting and administrative operations.
VP of Operations, Region 3
Steve brings to the REIC team over 25 years of experience in branch management, logistics and regional sales. He worked at Ahern Rentals and Excavator Rental Services before taking on his current role as Regional Vice President of Operations for Region 3.
Human Resource Manager
Heather joined REIC in 2018 and brings with her over 20 years combined experience in Operations & HR. Heather oversees all aspects of human resources for REIC including onboarding, training/education, employee relations, compliance, performance management, workers compensation, benefits, and certain aspects of the safety program.
VP, Fleet Management
Dallin started in the equipment rental industry in 2010. He was branch manager for Pro Rental and Sales before taking on the fleet manager role with REIC. Dallin is responsible for all corporate fleet purchases and used equipment sales.
VP of Operations, Region 1
Dustin worked for a national company in the lawn and landscape industry for 17 years. During his tenure he managed residential and commercial sales and had 10+ years of branch management experience. Dustin came to the rental industry in 2015, starting out as a branch manager for Pro Rentals & Sales. Dustin was promoted to Region 2’s Operations Manager role in the spring of 2018 before accepting his latest role with REIC as Vice President of Operation for Region 1 covering Montana, Wyoming, and Colorado.
VP of Operations, Region 2
Jeremy's 20 years of experience in equipment rentals encompass several management roles for ICM Equipment, H&E Equipment Services, Pro Rental and Sales. He is Regional Vice President of Operations for Idaho, Colorado, Wyoming and Utah.
Dennis has extensive experience in leading, managing and transforming sales organizations as well as sales strategy, deployment, markets, market potential, systems, customer service and training. He has over thirty years as an executive in the industrial services sector with domestic and international experiences.
General Manager, TCR
Tim has accumulated over 25 years of experience in climate control. In 2009, Tim opened Total Construction Rentals, and has guided TCR to unprecedented growth. His experience successfully managing a diverse sales team, establishing and training an elite service team, and guiding a growing administration staff has resulted in incredible growth of the company.
Nic joined REIC in 2022 as CFO of the company’s Specialty organization. Previously, Nic was an investment banker at Prestwick Partners, a Minneapolis-based boutique sell-side investment bank. During his tenure at Prestwick, Nic gained broad M&A experience in a variety of business types including equipment rental, business services, industrial, and niche manufacturing, among others.
Since 2013, Shawn Mack has had the pleasure to work at CHI Companies. Over the years, Shawn has worked with his team to support some of the largest general contractors in the industry and open new locations throughout the United States. With a strong foundation of service, CHI Companies has become a leader in specialty rental products in each of its markets. In his free time, Shawn will be camping with his wife and kids, or playing pickleball with friends and family.
VP, Cahill US
Jon Martin joined Cahill in 2017 as Division Vice President of Cahill’s U.S. Operations. Mr. Martin is responsible for all rental revenue, operations, fleet logistics, technical services, and staffing in the U.S. Prior to joining Cahill, Mr. Martin spent 18 years working in sales and service center management for Aggreko.
President, Cahill Canada
Lance Wolgemuth has been involved with various aspects of the Oil and Gas Industry for the past 15 years. He was appointed President of Cahill and under his direction, the company's fleet and market share developed significantly in Canada. He is proactive in working with manufacturing to bring new technology to market for the industry, and he was instrumental in bringing a new solar hybrid light technology to market in North America. His top priority is providing best-in-class service for customers, and he instills this mentality amongst his entire team.