Rental Equipment Investment Corp. (REIC), a portfolio company of Kinderhook Industries LLC, announced today the acquisition of Black Mountain Rentals Inc. (BMR), a two location general equipment sales and rental company based in Pinedale, Wyoming with an additional location in Alpine, Wyoming. BMR represents REIC’s fifth add-on acquisition under Kinderhook’s ownership and the company’s 17th since its inception. Financial terms of the transaction were not disclosed.
Mr. Kevin Fitzgerald, CEO of REIC commented, “BMR is an excellent, well-run company with a strong rental business that plugs into our existing geographic footprint for our General Rental Division. “The addition of these two BMR locations in Wyoming further enhances our presence in the Wyoming/Idaho area and will enable us to better serve our customers with additional equipment and service.”
Mr. Justin Sandner, President, and co-owner of BMR along with his father, Jim Sandner, also commented, “We are thrilled to be partnering with REIC. Both companies have very similar corporate cultures and through this new partnership, BMR, its customers and employees will all benefit greatly.”
“BMR is a highly strategic acquisition for REIC, and we are excited for REIC to continue its track record as a partner of choice in the ongoing equipment rental industry consolidation”, said Paul Cifelli, Managing Director at Kinderhook.
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages more than $5.2 billion of committed capital. It has made in excess of 325 investments and follow-on acquisitions since inception.
Founded in 2014 and headquartered in Kalispell, Montana., REIC is a multi-regional rental equipment services platform. REIC offers a broad selection of general and specialty rental equipment. The company’s general rental fleet includes aerial, earthmoving, power, compression and other small equipment pieces, while the specialty rental segment is focused on HVAC products. In addition to its Kalispell headquarters, REIC serves its customers out of a strategic footprint of 50 locations spanning North America (45 locations in the U.S. and five in Canada).
Rental Equipment Investment Corp. is No. 43 on the RER 100.
For more information please visit: https://www.reicorporation.com/