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REIC Buys in Montana – International Rental News

 


Rental Equipment Investment Corp (REIC) has completed the acquisition of US-based general lessor 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 mobile, aerial and hand tools.

According to REIC, the acquisition of Bigfork further strengthens its presence in Flathead and Lake counties in Montana.

Greg Gallagher, CEO, REIC, said, Bigfork has built a reputation for providing high quality equipment and service. The acquisition increases 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 owner REIC Kinderhook, said Bigfork's location compared to other general rental locations made the purchase very strategic for REIC as we continue to build density.

He said, “We are excited for REIC to continue its track record that has established the business as the partner of choice in the continued consolidation of the equipment rental industry.

Kevin Fitzgerald, executive chairman and founder of REIC, added that Bigfork is an excellent customer-first company that will fit seamlessly into our overall rental platform.

Steve Ricci, owner of Bigfork, added that he is thrilled to have completed the sale; I want to thank all of our employees and customers for their hard work and loyalty over the years to build Bigfork into what it is today. I also want to thank the leasing industry for all their support and the opportunity to serve their members.

Caldera Law served as legal counsel to REIC on the acquisition.

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