REIC has been sold to Kinderhook Industries and Management

Rental Equipment Investment Corporation

Founded in 2014 and headquartered in Kalispell, Montana, Rental Equipment Investment Corporation (REIC) is a premier, super-regional rental equipment services platform. The company offers its customers a broad selection of general and specialty rental equipment. REIC’s general rental fleet includes aerial, earthmoving, power, compression and other small equipment pieces, while the specialty fleet focuses on heating, ventilation, and air conditioning (HVAC) equipment. REIC serves its customers from 32 strategic locations spread across the Pacific Northwest to the upper Midwest of the United States. For more information, please visit

The Deal

The REIC team was seeking a partner that could help them grow the business organically and through acquisitions. Lincoln was able to leverage its deep industry knowledge of the specialty equipment and rental markets to provide REIC with multiple options for partners. In the end, Kinderhook Industries, along with founder and Chief Executive Officer Kevin Fitzgerald, acquired the business in what was an exceptional outcome for the REIC shareholders.

Our Perspective

Adam Gifford, Managing Director in Lincoln’s Industrials Group, commented, “REIC is a unique platform in the rental equipment industry due to its regional leadership, reputation as a consolidator of choice and broad offering of both specialty and general rental equipment. Long-term tailwinds are driving increased rental penetration, and well-positioned companies like REIC will continue to see strong growth opportunities as infrastructure and construction activity increases following COVID-driven slowdowns and the passage of the infrastructure bill.”


REIC Kinderhook Industries 2021 Connect with a Senior Team Member
Lincoln’s strong business model expertise enabled us to position REIC as a scarce and differentiated equipment rental platform. We valued Lincoln's insightful and honest counsel throughout the sale process as well as their deep financial acquirer relationships, which led to an exceptional outcome for all of the shareholders. Partnering with Kinderhook will allow us to accelerate our growth plan and further penetrate underserved markets.
Kevin Fitzgerald
Chief Executive Officer of REIC

Meet our Senior Team

Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.