June 18, 2026

PHOENIX, AZ – Compactor Rentals of America, LLC (“CRA”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”) and a national, pure-play waste compactor and baler leasing platform, today announced the acquisitions of Reddy Equipment (“Reddy”), a Northeast Ohio-based waste compactor and baler lessor with over 40 years of service, and Diamond Compactor Rentals (“Diamond”), a Central Illinois-based lessor of waste compactors with a 38-year history of serving residential and commercial customers. These acquisitions mark the 7^th and 8^th acquisitions for CRA since partnering with Kinderhook and 15^th and 16^th since inception. Financial terms were not disclosed.

With Reddy’s established footprint in Northeast Ohio and Diamond’s deep roots in Central Illinois, the acquisitions fill a strategic corridor in CRA’s national coverage map. These acquisitions further implant CRA’s service capabilities, comprehensive equipment portfolio, and full-service maintenance programs in a region underserved by scaled, pure-play operators. The transactions follow CRA’s acquisition of Tower Compactor Rentals.

“These acquisitions are a direct expression of what our recently completed whole business securitization was designed to enable,” said Sam Keenan, Managing Director at Kinderhook Industries. “CRA now has the capital structure, the operational platform, and the acquisition pipeline to extend its national leadership position at an accelerated pace.”

“Reddy and Diamond have spent decades with a customer first orientation and have never compromised on service,” said Chris Anderson, Chief Revenue Officer of CRA. “That is exactly the culture CRA was built on. Bringing these two companies into our platform means their customers now have access to CRA’s full range of equipment, programs, and waste management expertise with the same level of personal service they have always counted on.”

The acquisitions extend a period of accelerating growth for CRA, which has now completed eight acquisitions since its recapitalization by Kinderhook in January 2024, assembling a national, independent platform of scale and capability in the pure-play waste compactor and baler leasing sector.

“Building a national platform in this industry has always been the mission, and strategic acquisitions are central to how we get there,” said Kelly Williams, Chief Executive Officer of CRA. “Reddy and Diamond represent exactly what we look for – proven operators, deep customer trust, and markets where CRA’s capabilities will make an immediate difference.”

For additional information about this transaction, please contact: 
Robert Michalik
Managing Director
(212) 201-6789
[email protected]
 
Sam Keenan
Managing Director
(212) 201-6795
[email protected]
 
Kevin Gayhardt
Vice President
(212) 201-9979
[email protected]