REIC makes inroads in Canada

By Murray Pollok31 May 2022

Rental Equipment Investment Corp (REIC) has made a further rental acquisition, adding Cahill Services, LLC, a Michigan-based company renting climate control and lighting equipment to oil and gas, infrastructure and industrial customers in the US and Canada. The purchase price was not disclosed.

Founded in 2015 and based in Livonia, Michigan, Cahill operates four service centres in Canada and two in the US. Its fleet includes patented flameless heaters and hybrid light towers.

REIC operates from 32 locations in the USA.

It is REIC’s second acquisition since it was acquired by private equity business Kinderhook Industries in January, and the 14th since its founding by CEO Kevin Fitzgerald. REIC now has 39 rental locations, including four in Canada.

REIC said the deal represented a unique opportunity to add a growing, specialty rental business that has its own technology and local market expertise.

Fitzgerald said; “Cahill’s patented JetHeat is the HVAC industry’s premier flameless heater, and a unique product offering that we are excited to roll out throughout our fleet.

“The JetHeat helps customers achieve fuel savings, which in turn generates significant cost savings over the duration of a project.”

Kevin Fitzgerald, Founder and CEO, REIC.

Dennis Haller, CEO of Cahill, added, “My team is thrilled about the opportunity to join REIC’s specialty rental division. Cahill has experienced tremendous growth in the past twenty-four months and will now have access to the additional resources of REIC to scale our business and continue capturing market share.”

Paul Cifelli, Managing Director at Kinderhook, said the transaction boosted REIC’s mission of becoming a national specialty rental company; “We are eager to partner with Cahill’s seasoned management team who have deep sector expertise and a long history of growing businesses in specialty rental.”

Kinderhook Industries manages funds of more than $5.2 billion and has made in excess of 300 investments and follow-on acquisitions since its inception in 2003.

Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Rental Briefing: daily newsletter for rental sector being launched by KHL
Newsletter will provide analysis, comment and insight into the global industry
UK equipment bodies react to government changes on net zero policies
CPA and CEA express disappointment about policy changes
Sunbelt Rentals UK and Ireland makes €1.3 million fleet investment
“Significant investment” made for welfare van fleet
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail:
Lewis Tyler
Lewis Tyler Editor Tel: 44 (0)1892 786285 E-mail: