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MB Business Capital Funds Acquisition of Equipment Rental Company

January 12, 2015, 06:42 AM
Filed Under: Rental News

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.6 million senior credit facility to RE Investment Company LLC, a wholly owned subsidiary of Miami, Florida, based Rental Equipment Investment Corp. for the acquisition of Midway Rental & Power Equipment, Inc. and its affiliate Kurken, Inc.

Midway is based in Kalispell, Montana, and rents industrial and construction equipment, including lifts, generators, excavators, tractors, and other items, to industrial customers (railroads, sawmills, oilfields, and agriculture-related businesses), general contractors and resorts.

Rental Equipment Investment Corp. is a new holding company led by Kevin Fitzgerald, the former chief executive officer of Neff Rental.

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