M&A Deal Summary

REIC Acquires Blackout Energy

On September 19, 2022, REIC acquired business services company Blackout Energy

Acquisition Highlights
  • This is REIC’s 1st transaction in the Business Services sector.
  • This is REIC’s 7th transaction in the United States.
  • This is REIC’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2022-09-19
Target Blackout Energy
Sector Business Services
Buyer(s) REIC
Deal Type Add-on Acquisition

Target

Blackout Energy

Williston, North Dakota, United States
Blackout Energy is a full-service rental company providing light towers, heaters, air compressors, fuel cubes, frac stands, pumps, and filtration systems. Blackout Energy is based in Williston, North Dakota.

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Buyer(S) 1

Buyer

REIC

Kalispell, Montana, United States
Category Company
Founded 2014
Sector Business Services
DESCRIPTION

REIC is an equipment rental company that provides construction and industrial equipment for rent, as well as used equipment for sale. The Company operates equipment rental stores throughout the Mountain West region of the United States. REIC was founded in 2014 and is based in Kalispell, Montana.

DEAL STATS #
Overall 7 of 9
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 7 of 9
State (North Dakota) 1 of 1
Country (United States) 7 of 8
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Cahill Services

Houston, Texas, United States

Cahill Services is a provider of specialty rental services to customers in the oil & gas, refining, industrial, petrochemicals, utilities and related industries where a high level of technical knowledge of the business and customer needs is required. Cahill Services is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-31 Midstream

Calgary, Alberta, Canada

Midstream is a provider of specialty rental solutions including compressors, generators, skids, and vapor recovery units in the oil & gas and large industrial sectors. Midstream was formed in 2015 and is based in Calgary, Alberta.

Buy -
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