Rental Equipment Investment Corp. (REIC), Kalispell, Mont., a portfolio company of Kinderhook Industries, has acquired Black Mountain Rentals (BMR), a two-location general equipment sales and rental company based in Pinedale, Wyo., with an additional location in Alpine, Wyo. 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.
“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,” said Kevin Fitzgerald, CEO of REIC.
“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,” said Justin Sandner, BMR, president and co-owner, and his father, Jim Sandner.
“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, Kinderhook managing director.