June 7, 2023
Kalispell, MT – Rental Equipment Investment Corp. (“REIC”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Aim High Equipment Rental, Inc. (“Aim High” or the “Company”). Headquartered in Brighton, CO, Aim High is a general equipment rental, sales, and service company. Aim High represents REIC’s seventh add-on acquisition under Kinderhook’s ownership and the Company’s 19th since its inception. Financial terms of the transaction were not disclosed.
Mr. Kevin Fitzgerald, Chief Executive Officer of REIC, commented, “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. The addition of this location in Colorado will enable us to better serve our customers with additional equipment.”
Amy Sepin, owner of Aim High, also commented, “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 at Kinderhook.