Rent-A-Container ("RAC" or the "Company") a portfolio company of Kinderhook Industries, LLC, today announced the acquisition of Stuff-It Storage, LLC (“Stuff-It”). Stuff-It, recently named Best Storage Facility in Springfield, Illinois by the Illinois Times, provides new and used portable storage containers and container offices for rent or sale. The business was founded by Harvey Horton, who will remain with RAC post-close as he works to expand the company’s offerings in the Midwest.
Stuff-It is RAC’s fourth acquisition in the last 18 months and marks the opening of its 10th Branch Location – a key step in the development of a nationwide network. "Over the past few years, we have been working to identify strategic acquisitions where we can expand our branch network in areas where customer demand is high,” said RAC Director of Mergers and Acquisitions Michael Ferrantino. “While we often open greenfield branch locations, it is always faster if we are able to partner with local business operators like Harvey so we can hit the ground running,” said Ferrantino.
With the addition Stuff-It, RAC now operates 10 branches in the USA and has plans to expand further in 2025. RAC’s General Counsel, Chris Orlovsky, served as legal counsel, and Alvarez & Marsal advised RAC on its financial diligence process.
About Rent-A-Container (Powered by ModuGo)
Headquartered in Ann Arbor, MI, Rent-A-Container manages a fleet of thousands of shipping containers 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,” “Stuff-It Storage” and “Kelcon.”
To experience the RAC difference, please visit: www.rentacontainer.com
The Rent-A-Container Network is actively looking to grow. If you are interested in selling your business or your fleet of shipping container assets, please contact RAC’s Director of Mergers & Acquisitions Michael Ferrantino at Mike@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 450 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112188827/en/
Contacts
Immediate Contact: Michael Ferrantino – Mike@rentacontainer.com
