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NewSpring Mezzanine Capital Announces Investment in Rental Equipment Investment Corporation

By Rental Equipment Investment Corp | | 0 Comments

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

By Rental Equipment Investment Corp | | 0 Comments

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…

Press Releases

Rental Equipment Investment Corp. Acquires Ontario Tool & Rental

By Rental Equipment Investment Corp | | 0 Comments

Rental Equipment Investment Corp. has acquired the assets and certain liabilities of Ontario Tool & Rental Inc., an equipment rental company based in Ontario, Oregon. REIC is an equipment rental holding company that now has 22 locations in five states in the northwest United States. “Ontario Tool & Rental is led by Rusty Smith, who … Read more…

Rental Equipment Investment Corp. Acquires Columbia River Machinery

By Rental Equipment Investment Corp | | 0 Comments

Rental Equipment Investment Corp. has purchased all the assets and certain liabilities of Columbia River Machinery, an equipment rental company based in Hermiston, Ore. REIC is an equipment rental holding company with 21 locations in five states. “Columbia River Machinery is an excellent well-run company with a management team led by Mr. Morgan Neal,” said … Read more…

Midway Rentals Opens Bozeman, Montana, Branch

By Rental Equipment Investment Corp | | 0 Comments

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…

Fitzgerald-Led Holding Company Acquires Montana’s Midway Rentals

By Rental Equipment Investment Corp | | 0 Comments

Rental Equipment Investment Corp., a new holding company led by Kevin Fitzgerald, a past CEO of Neff Rental, has purchased all the assets and certain liabilities of Midway Rental & Power Equipment, an equipment rental company based in Kalispell, Mont. Midway, which was founded in 1978, operates from four locations in Montana, with branches in … Read more…

REIC Acquires Reliable Equipment Rental

By Rental Equipment Investment Corp | | 0 Comments

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 Acquires Pro Rental

By Rental Equipment Investment Corp | | 0 Comments

US equipment rental holding company Rental Equipment Investment Corp (REIC) has acquired Pro Rental & Sales, with 13 depots in Idaho, Oregon and Montana. The bolt-on deal is the latest in a string of acquisitions since REIC was founded in 2014 by former Neff Corp CEO Kevin Fitzgerald and other private investors. As a result … Read more…

Rental Equipment Investment Corp Aims for Growth

By Rental Equipment Investment Corp | | 0 Comments

A new US rental company established by former Neff Corp CEO Kevin Fitzgerald has made its first acquisition and outlined its growth strategy in this busy market. Speaking to IRN, Mr Fitzgerald – who was CEO of US rental company Neff Corp between 1995 and 2000 – said his new venture, Rental Equipment Investment Corp, … Read more…

Rental Equipment Investment Corp Expands

By Rental Equipment Investment Corp | | 0 Comments

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…

Rental Equipment Investment Corp to Strengthen in 2016

By Rental Equipment Investment Corp | | 0 Comments

Start-up US equipment rental holding company Rental Equipment Investment Corp (REIC) plans to continue to consolidate presence in US North West in 2016. REIC is an equipment rental holding company led by former Neff Corp CEO Kevin Fitzgerald and other private investors. The company has made a string of acquisitions since its launch in 2014, … Read more…