The Stansberry Firm proudly represented Midway Rental and Power Equipment in its recent sale to Rental Equipment Investment Corp. (REIC), a newly formed holding company led by former Neff CEO, Mr. Kevin Fitzgerald.
Midway is an industrial based construction equipment rental company based in Kalispell, Montana with three additional operating branches in Whitefish, Great Falls and Shelby, MT. The Company rents aerial equipment, reach forklifts, small-to-mid size dirt equipment, air compressors, generators and other complimentary equipment.
Midway was founded in 1978 and was acquired by brothers Mr. Kent and Mr. Kurt Reimer along with family friend, Mr. Bill Phillips in 1994; the Reimer brothers retained joint ownership in the Company until its recent acquisition by REIC, while Mr. Phillips served as the Company’s CFO. All three gentlemen will remain with the Company post-acquisition for a transitional period.
REIC is a newly formed holding company led by Mr. Kevin Fitzgerald; in addition to Mr. Fitzgerald, REIC investors include Wessex Capital Partners LLC, a private investment group and other private investors.
Mr. Kent Reimer, Co-Owner of Midway says of his experience with The Stansberry Firm:
The Stansberry Firm led the charge with the sale of our company, and we couldn’t be more grateful. Their expertise, forward thinking and pursuit of our best interest won our trust immediately, and in the end, executed a sale that met our highest expectations. We can confidently, and without reservation, recommend The Stansberry Firm to be trusted with your most important business transactions.”
Read the full press release published in RER Magazine here.