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 www.reicorporation.com.
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.
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.”
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.
Meet our Senior Team
View More Transactions in Industrials
Lincoln International advised NB Aurora and other shareholders on the sale of Dierre Group to Alto Partners
Lincoln International advised Leonard Green & Partners on its acquisition of TenCate Grass from Crestview Partners
Lincoln International advised Cam Tran on its sale to Central Moloney Incorporated, a portfolio company of Wind Point Partners
Lincoln International advised Consilium Private Equity and other shareholders on the sale of GMM Group to Biesse
Lincoln International advised Azbil Corporation on the sale of Azbil VorTek to Sierra Instruments, a portfolio company of Berwind Corporation
Lincoln International advised Mitsui & Co. (U.S.A.) on the sale of Acieta to RōBEX, a portfolio company of Angeles Equity Partners
Lincoln International advised Ovarro, a portfolio company of FFL Partners, on its refinancing
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.