Rent-A-Container ("RAC" or the "Company") a portfolio company of Kinderhook Industries, LLC, has today announced the acquisition of Fortin Modular Storage (“Fortin”). This strategic acquisition strengthens Rent-A-Container's position in the Northeastern United States, further solidifying its ability to provide exceptional service to customers in the region.
“We are thrilled to welcome Fortin Modular Storage to the Rent-A-Container family,” said Michael Ferrantino, Rent-A-Container’s Director of Mergers and Acquisitions. “This acquisition aligns perfectly with our growth strategy and allows us to better serve the needs of our customers in the Northeast. Marc Fortin and his team have built a terrific company, and we couldn’t be more excited to have him and his team join us for this next phase of growth.”
Post closing, Marc Fortin will retain an ownership stake in Rent-A-Container as the combined entity continues to accumulate density in the region. “I am excited to partner with RAC as we work to ensure a seamless transition for our existing customers while also working to grow our base of operations into new markets,” said Fortin.
This is RAC’s sixth strategic acquisition in the prior two years and marks a significant milestone for the Company as it continues to expand its footprint to 14 Branch Locations along the East Coast and Midwest. Crain, Caton & James served as legal counsel, and Alvarez & Marsal advised Rent-A-Container on its financial diligence process. Comerica Bank provided financing for the transaction.
RAC is actively seeking opportunities to partner with other high-quality portable storage businesses that share its commitment to excellence and customer service. If you are interested in discussing your business or your fleet of shipping container assets, please contact RAC’s Director of Mergers & Acquisitions Michael Ferrantino at Mike@rentacontainer.com.
About Rent-A-Container (Powered by ModuGo)
Headquartered in Ann Arbor, MI, Rent-A-Container manages a fleet of thousands of shipping containers, semi trailers and ground level offices (“GLOs”) that it leases to customers needing portable storage or office space. RAC competes directly with larger portable storage providers, differentiating itself by giving customers the same equipment with fewer hassles and fees. This simple business plan has allowed RAC to grow quickly to become the go-to portable storage provider in the markets it serves. The Rent-A-Container Network includes owned regional brands such as “Rent-A-Container,” “ModuGo,” “A-1 Portable Storage,” “Kelcon,” “Stuff-It Storage,” and “Fortin Modular Storage.”
For more information please visit: www.rentacontainer.com
About Kinderhook Industries
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that has raised $8.5 billion of committed capital. We have made in excess of 500 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching differentiated, growth-oriented investment opportunities with financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental & industrial services, and automotive & light manufacturing sectors.
For more information, please visit https://www.kinderhook.com
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Contacts
Michael Ferrantino
Mike@rentacontainer.com
