Rental Equipment Investment Corp. (REIC) Acquires Indian Peaks Rental, LLC
May 28, 2024
Rental Equipment Investment Corp. (REIC), a portfolio company of Kinderhook Industries, has acquired IPR of CO, LLC d/b/a Indian Peaks Rental, a Tabernash, Colorado-based full-service general equipment rental company. The acquisition — REIC's eighth add-on under Kinderhook and the company's 20th since inception — expands REIC's regional presence in the Mountain West and positions Indian Peaks to benefit from growth around the Winter Park ski area. Financial terms were not disclosed; Joe Penn, owner of Indian Peaks, sold the business.
- Buyers
- Rental Equipment Investment Corp. (REIC), Kinderhook Industries, LLC
- Targets
- IPR of CO, LLC d/b/a Indian Peaks Rental, LLC
- Sellers
- Joe Penn
- Platforms
- Rental Equipment Investment Corp. (REIC)
- Industry
- Industrial Services
- Location
- Colorado, United States
- Transaction Type
- Addon
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