Rental Equipment Investment Corp. Acquires Aerial Specialist Aim High Equipment Rental
Rental Equipment Investment Corp., a portfolio company of Kinderhook Industries LLC, has acquired Aim High Equipment Rental Inc. Headquartered in Brighton, Colo., Aim High is an aerial equipment rental, sales, and service company.
Aim High represents REIC’s seventh add-on acquisition under Kinderhook’s ownership and the company’s 19th overall. Financial terms of the transaction were not disclosed.
“Aim High has established a strong reputation of providing high quality rental equipment and services that will fit seamlessly with our existing geographic footprint for our General Rental Division,” said REIC’s CEO Kevin Fitzgerald. “The addition of this location in Colorado will enable us to better serve our customers with additional equipment.”
Amy Sepin, owner of Aim High, said, “We are elated to complete the sale of the company to REIC. Our combined teams have a common mission of providing exceptional services, and our customers and employees will benefit tremendously.”
“Aim High is a highly strategic acquisition for REIC, expanding the density of REIC’s existing footprint. We are excited for REIC to continue its acquisitive track record as a partner of choice in the ongoing equipment rental industry consolidation,” said Paul Cifelli, managing director, Kinderhook.
The Stansberry Firm represented Aim High in this transaction. Aim High is a full-service aerial rental business providing a variety of lift equipment to the Denver metropolitan area. For more information, visit: https://aimhighequipment.com.
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5.4 billion of committed capital. For more information, visit: www.kinderhook.com.
REIC was founded in 2014 and headquartered in Kalispell, Mont. In addition to its Kalispell headquarters, REIC serves its customers out of a strategic footprint of 52 locations spanning North America (46 locations in the U.S. and six in Canada). For more information, visit: https://www.reicorporation.com. REIC is No. 31 on the RER 100.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.