M&A Deal Summary

REIC Acquires Midstream

On May 31, 2023, REIC acquired business services company Midstream

Acquisition Highlights
  • This is REIC’s 2nd transaction in the Business Services sector.
  • This is REIC’s 1st transaction in Canada.
  • This is REIC’s 1st transaction in Alberta.

M&A Deal Summary
Date 2023-05-31
Target Midstream
Sector Business Services
Buyer(s) REIC
Deal Type Add-on Acquisition

Target

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.

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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 8 of 9
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 8 of 9
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Aim High Equipment Rental

Brighton, Colorado, United States

Aim High Equipment Rental is a general equipment rental, sales, and service company. Aim High Equipment Rental was founded in 1999 and is based in Brighton, Colorado.

Buy -
Mergr

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