Rental Equipment Investment Corp. acquires Blackout Energy Services

Rental Equipment Investment Corp. (REIC), Kalispell, Mont., a portfolio company of Kinderhook Industries, has acquired Blackout Energy Services (BOE), Williston, N.D. Blackout Energy is a provider of specialty rental equipment, specializing in flameless heaters and light towers. Blackout Energy represents REIC’s third add-on acquisition under Kinderhook’s ownership and the company’s 15th since its inception. Financial terms of the transaction were not disclosed.

“The Blackout Energy acquisition continues the growth of our specialty rental division, REIC Specialty. Blackout Energy is an excellent company with strong management that will allow us to expand our flameless heaters and light tower product offerings in the growing area of North Dakota and its surrounding states,” said Kevin Fitzgerald, CEO, REIC.

“We are very excited to welcome the Blackout Energy team to REIC’s special rental division. BOE has been a key customer for our JetHeat flameless heater product and expanded the awareness of the product throughout the Bakken market,” said Dennis Haller, CEO, REIC Specialty.

“I am very excited to join the REIC Specialty team. Combining our team with the resources of REIC and Kinderhook will allow us to grow the business to better service our customers the way we have been striving for,” said Danny Morton, owner, Blackout Energy.

“The acquisition of Blackout Energy is consistent with REIC’s strategy for growing its specialty rental business,” said Paul Cifelli, managing director, Kinderhook. “Following the combination, REIC will now operate 14 standalone specialty locations.”