REIC acquires in Montana
26 June 2024
Rental Equipment Investment Corp (REIC) has completed the purchase of US-based general renter Bigfork Rentals. No financial details of the deal have been disclosed.
Headquartered in Bigfork, Montana, the company (formerly United Rentals and Bigfork Tool Rental) rents a wide range of equipment, including earthmoving, aerial and handheld tools.
According to REIC, the purchase of Bigfork further strengthens its presence in the Flathead and Lake counties in Montana.
Greg Gallagher, CEO, REIC, said, “Bigfork has established a reputation for providing high quality equipment and service. The acquisition enhances REIC’s presence in Flathead and Lake counties in Montana, enabling us to better serve our customers in the region.”
Paul Cifelli, managing director of REIC owner Kinderhook, said the location of Bigfork compared to its other general rental locations made the acquisition “highly strategic for REIC as we continue to build density.”
He said, “We are excited for REIC to continue its acquisitive track record that has established the business as the partner of choice in the ongoing consolidation of the equipment rental industry.”
Kevin Fitzgerald, executive chairman and founder of REIC, added, “Bigfork is an excellent company with a customer-first focus that will fit seamlessly into our general rental platform.”
Steve Ricci, owner of Bigfork, added that he is “excited to have completed the sale; “I want to thank all of our employees and customers for their work and loyalty over the years to build Bigfork into what it is today. I also want to thank the rental industry for all their support and for the opportunity to serve their members.”
Caldera Law served as legal counsel to REIC for the acquisition.
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