REIC (Rental Equipment Investment Corp) has acquired Bigfork Rentals of Bigfork, Montana from owners Steve & Annie Ricci.
Big Foot runs a wide ranging fleet that includes aerial work platforms, telehandlers and forklifts as well as tools and general equipment, covering the Flathead and Lake County markets north west of Butte, Montana.
This is REIC’s 21st acquisition since Kevin Fitzgerald set it up in 2014 and the ninth since the ownership was transferred to Kinderhook Industries in 2022
REIC’s acquisitions
REIC chief executive Greg Gallagher 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.”
Bigfoot owner Steve Ricci added: “I am excited to have completed the sale of the company to REIC. 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.”
Kinderhook managing director Paul Cifelli said: “The geographic proximity of Bigfork to our other general rental locations makes this acquisition highly strategic for REIC as we continue to build density. 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, now executive chairman of REIC added: “Bigfork is an excellent company with a customer first focus that will fit seamlessly into our general rental platform.”
REIC is based in Kalispell, Montana, the companies in its ‘group’ run aerial lifts, telehandlers, earthmoving equipment, generators, compressors and other small equipment with a specialist HVAC division. They now operate from 54 locations - 48 in the US and six in Canada.
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