REIC has acquired Total Construction Rentals, Inc. to expand its specialty equipment rental operations in the HVAC segment, marking a significant strategic growth move under Kinderhook Industries' ownership.

Target Information

Rental Equipment Investment Corp. ("REIC"), part of Kinderhook Industries, LLC, has successfully completed the acquisition of Total Construction Rentals, Inc. ("TCR"). This acquisition marks REIC's first add-on acquisition since its integration with Kinderhook and is the company's 13th overall acquisition since its inception. While the financial details of the transaction have not been disclosed, it indicates REIC's ongoing commitment to expanding its portfolio in the specialty equipment rental sector.

TCR specializes in the rental of HVAC equipment, including heaters, air conditioners, coolers, fans, and dehumidifiers. Established 13 years ago, TCR operates across a seven-state region, which includes Delaware, Pennsylvania, Virginia, New Jersey, Washington D.C., New York, and Maryland. This acquisition is a strategic move for REIC, which operates 33 locations that encompass both general and specialty rental stores. With this addition, REIC can enhance its offerings and expand its market presence in specialty rentals, utilizing a unique floating fleet strategy.

Industry Overview

The equipment rental industry in the United States has witnessed robust growth over the past few years, driven by increasing demand across construction, industrial, and event management sectors. The rise of temporary labor and fluctuating project demands have made