June 11, 2023
Rental Equipment Investment Corp. (REIC), Kalispell, Mont., a portfolio company of Kinderhook Industries, has acquired Aim High Equipment Rental, Brighton, Colo., a general equipment rental, sales and service company.
Aim High represents REIC’s seventh add-on acquisition under Kinderhook’s ownership and the company’s 19th since its inception. Financial terms of the transaction were not disclosed.
Kevin Fitzgerald, CEO of REIC, said Aim High “has established a strong reputation of providing high quality rental equipment and services that will fit seamlessly with our existing geographic footprint for our general rental division. The addition of this location in Colorado will enable us to better serve our customers with additional equipment.”
“We are elated to complete the sale of the company to REIC. Our combined teams have a common mission of providing exceptional services, and our customers and employees will benefit tremendously,” said Amy Sepin, owner, Aim High Equipment Rental.
“Aim High is a highly strategic acquisition for REIC, expanding the density of REIC’s existing footprint. We are excited for REIC to continue its acquisitive track record as a partner of choice in the ongoing equipment rental industry consolidation,” said Paul Cifelli, managing director, Kinderhook Industries.
