Northville, MI-based specialty equipment rentals distributor Jack Doheny Companies (JDC) was acquired by private investment firm Kinderhook Industries.
Terms of the transaction were not disclosed.
Established in 1973, JDC offers specialized equipment rentals, sales and service solutions for mission-critical applications in the electric transmission and distribution, sewer maintenance and inspection and utility sectors. The company runs a network of 16 locations throughout the U.S. and Canada.
“This partnership with Kinderhook represents an exciting opportunity to accelerate our growth and enhance our ability to deliver best-in-class equipment and service solutions to our customers,” JDC CEO Steve Shafer said in a Jan. 6 news release. “By partnering with Kinderhook, we are well-positioned to further invest in our fleet and expand our geographic reach across existing and new markets, enhance our service offerings, and execute on a robust pipeline of strategic growth initiatives.
Founded in 2003, Kinderhook is a private investment firm that has raised $8.5 billion in capital. Since its establishment, the company has made around 450 investments and follow-on acquisitions.
This acquisition represents Kinderhook’s 143rd environmental/industrial services acquisition and its seventh platform investment within the industrial rental vertical.
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