MB Business Capital, a division of MB Financial Bank announced it recently provided a $9.6 million senior credit facility to RE Investment Co. LLC, a subsidiary of Miami-based Rental Equipment Investment Corp., for the acquisition of Midway Rental & Power Equipment and its affiliate Kurken Inc.
Midway is based in Kalispell, Mont., and rents industrial and construction equipment such as aerial work platforms, generators, excavators, earthmoving equipment and other items to industrial customers, general contractors and other businesses.
REIC is a new holding company led by Kevin Fitzgerald, former CEO of Neff Rental.
MB Business Capital, the asset-based lending division of Chicago-based MB Financial Bank. MB Business Capital seeks asset-based lending opportunities in the $5 million to $50 million range, and is offering dedicated syndication opportunities of up to $100 million. It also can provide access to the full range of business banking products and services offered by MB Financial Bank.
