Rental Equipment Investment Corporation

Rental Equipment Investment Corporation, based in the US, provides specialized equipment rental services to contractors and homeowners through its diverse divisions, ensuring access to essential resources for various projects. Founded in 2014 in Kalispell, US, Rental Equipment Investment Corporation specializes in equipment rental services. The company was acquired by Kinderhook Industries and its management in January 2022, with financial terms undisclosed. The acquisition aims to enhance the company's growth and market presence.

The current leadership includes CEOs Dennis Haller, Greg Gallagher, and Kevin Fitzgerald. REIC specializes in equipment rental services through its two primary divisions: General Rental and Specialty Rental. The General Rental Division operates 32 locations across seven states, offering a comprehensive range of equipment such as aerial lifts, earthmoving machines, power equipment, and small tools for both construction professionals and homeowners. It features recognized brands including Midway Rental, Pro Rentals and Sales, and Excavator Rental Services.

The Specialty Rental Division, established in 2022, spans 19 locations across 12 states and three Canadian provinces, providing specialized equipment for heating, cooling, dehumidification, and ventilation to meet the complex needs of contractors and businesses in sectors like oil and gas and industrial services. REIC generates revenue through a structured rental model, allowing customers to access a diverse array of equipment without the need for ownership, maintenance, or long-term commitments. Transactions primarily occur on a rental basis, where clients, including contractors and homeowners, rent equipment for specific projects. Each rental agreement includes terms for usage duration, delivery, and support, ensuring a seamless experience.

Key offerings from flagship brands like CHI Companies and Black Mountain Rental contribute to the company’s revenue stream, which is bolstered by its diverse client base across numerous geographical markets. Following the acquisition in January 2022, Rental Equipment Investment Corporation plans to accelerate its growth and expand its market presence. The company aims to pursue acquisitions and open new specialty greenfield sites. Specific details regarding upcoming products or geographic expansions have not been disclosed, but the overarching strategy is to utilize the resources from the recent acquisition to enhance operational capacity and market reach.