Mazzotta Rentals targets expansion with big credit facility

Photo: Mazzotta Rentals

US-based equipment rental company Mazzotta Rentals has secured a $125 million credit facility aimed at supporting the company’s continued growth and expansion.

The facility, led by M&T Bank and supported by a group of financial institutions, includes a $120 million revolving line of credit and a $5 million term loan, with the option of an  additional $35 million for future growth.

The company said the facility will refinance its existing debt and provide it with the resources to scale its operations and meet growing demand across the construction, industrial, and infrastructure sectors.

“We are thrilled to have the financial backing from M&T Bank to continue scaling our operations, expand our footprint, and meet increasing demand from our customers,” said Thomas Caldaroni, chief administrative officer of Mazzotta Rentals.

“This credit facility is a strong endorsement of our performance and overall growth strategy, and it positions us to take advantage of new opportunities in key adjacent markets.”

Joseph Mazzotta, chief executive officer, added, “This financing is an important step forward as we continue to execute on our long-term strategic plan. It provides us with the flexibility to make smart investments in our fleet and infrastructure while maintaining a healthy financial profile.”

Founded in 1963, Mazzotta Rentals provides rental equipment solutions to the construction, industrial, and infrastructure sectors in the Northeast US.

The company has locations in Middletown, Connecticut - between Boston and New York - and Agawam, Massachusetts, west of Boston. It serves customers in Massachusetts, Rhode Island, New York, New Hampshire and Vermont.

Its fleet includes including earthmoving equipment, aerial platforms, generators, compressors and telehandlers.