CAHILL HAS BEEN ACQUIRED BY RENTAL EQUIPMENT INVESTMENT CORPORATION, A PORTFOLIO COMPANY OF KINDERHOOK INDUSTRIES
Prestwick is pleased announce the sale of Cahill Services to Rental Equipment Investment Corporation (“REIC”), a portfolio company of Kinderhook Industries. Prestwick acted as the exclusive advisor to Cahill Services and its private equity sponsor, Pine Brook Partners. The terms of the transaction were not disclosed.
Cahill Services (www.cahillheatingrentals.com) is a leading North American provider of specialty rental solutions for high-demand, critical applications across infrastructure, construction, and industrial maintenance markets. The Company’s proprietary flameless heaters and hybrid light towers provide the most fuel-efficient and sustainable solutions available, enabling customers to meet their environmental targets and achieve significant project cost savings.
REIC (www.reicorporation.com) is a Kalispell, MT-based rental equipment services platform, offering a broad selection of general and specialty rental equipment. The Company’s general rental fleet includes aerial, earthmoving, power, compression, and other small equipment pieces, while the specialty rental segment is focused on HVAC products. REIC serves its customers out of a strategic footprint consisting of 32 locations stretching from the Pacific Northwest to the Upper Midwest.
Kinderhook Industries is a New York, NY-based private equity group focused on middle-market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors.