Kinderhook Adds Fortin Modular to Rent-A-Container
Rent-A-Container, a portfolio company of Kinderhook Industries, LLC, has announced its latest acquisition of Fortin Modular Storage (“Fortin”). This strategic move bolsters Rent-A-Container’s market presence in the Northeastern United States, reinforcing its commitment to providing exceptional service to its growing customer base in the region.
Michael Ferrantino, Rent-A-Container’s Director of Mergers and Acquisitions, expressed enthusiasm for the acquisition, stating, “We are thrilled to welcome Fortin Modular Storage to the Rent-A-Container family. This acquisition aligns perfectly with our growth strategy and enables us to better serve our customers in the Northeast. Marc Fortin and his team have built an outstanding company, and we couldn’t be more excited to have them join us for this next phase of growth.”
Following the acquisition, Marc Fortin will retain an ownership stake in Rent-A-Container, ensuring a smooth transition for existing customers and continued expansion into new markets. Fortin commented on the partnership, saying, “I am excited to partner with RAC as we work to ensure a seamless transition for our existing customers while also expanding our base of operations into new markets. This partnership allows us to enhance the services we provide while benefiting from RAC’s extensive network and resources.”
The acquisition of Fortin Modular Storage marks the sixth strategic expansion for RAC in the past two years. With this milestone, RAC now operates 14 branch locations along the East Coast and Midwest. As the company continues its rapid growth, it remains committed to maintaining high-quality service and customer satisfaction.
The legal counsel for the transaction was provided by Crain, Caton & James, while Alvarez & Marsal conducted financial diligence. Additionally, Comerica Bank played a key role in financing the acquisition, further facilitating Rent-A-Container’s expansion efforts.
Rent-A-Container is actively pursuing partnerships with other portable storage businesses that align with its values and dedication to excellence in customer service. Companies interested in discussing potential partnerships or selling their fleet of shipping container assets are encouraged to reach out to RAC’s Director of Mergers & Acquisitions.
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”). The company leases these units to customers seeking portable storage or office space solutions. Competing directly with larger portable storage providers, RAC differentiates itself by offering the same high-quality equipment while eliminating unnecessary hassles and fees. This customer-first approach has propelled RAC’s rapid growth, making it a preferred provider in the markets it serves.
The Rent-A-Container network encompasses several regional brands, including “Rent-A-Container,” “ModuGo,” “A-1 Portable Storage,” “Kelcon,” “Stuff-It Storage,” and “Fortin Modular Storage.” By integrating these brands under a unified network, RAC ensures seamless service and consistency across its growing footprint.
About Kinderhook Industries
Founded in 2003, Kinderhook Industries, LLC is a private investment firm that has raised $8.5 billion in committed capital. Since its inception, Kinderhook has made over 500 investments and follow-on acquisitions. The firm’s investment philosophy centers on identifying growth-oriented opportunities and leveraging financial expertise along with a proprietary network of operating partners to maximize value.
Kinderhook focuses on middle-market businesses with strong market positioning in key sectors, including healthcare services, environmental and industrial services, and automotive and light manufacturing. By partnering with businesses that demonstrate sustainable growth and operational excellence, Kinderhook aims to drive long-term success for its portfolio companies.
Strategic Implications of the Acquisition
The addition of Fortin Modular Storage to Rent-A-Container’s network has several strategic benefits. First, it enhances RAC’s market presence in the Northeast, a region with growing demand for portable storage solutions. By acquiring Fortin, RAC gains access to an established customer base and infrastructure, allowing for immediate operational synergies.
Second, this acquisition aligns with RAC’s broader strategy of expanding its footprint through targeted mergers and acquisitions. Over the past two years, RAC has demonstrated a clear commitment to scaling its operations, with Fortin being the latest in a series of successful acquisitions. This momentum positions the company for continued growth and further consolidations in the industry.
Third, retaining Marc Fortin and his team ensures continuity and expertise within the organization. Having an experienced team onboard facilitates a smooth transition for customers and strengthens RAC’s ability to deliver high-quality service. This also underscores RAC’s commitment to maintaining the legacy and reputation of the businesses it acquires.
Additionally, the financing and advisory support from Comerica Bank, Crain, Caton & James, and Alvarez & Marsal highlight the confidence financial institutions and industry experts have in RAC’s business model and strategic direction. This backing provides RAC with the resources needed to pursue further acquisitions and infrastructure investments.
Expanding Opportunities in the Portable Storage Industry
The portable storage industry has seen increasing demand driven by various factors, including urbanization, commercial expansion, and the need for flexible storage solutions. Rent-A-Container has capitalized on these trends by offering cost-effective, reliable, and hassle-free storage options to a diverse customer base.
One of the key differentiators for RAC is its emphasis on customer convenience. Unlike traditional storage providers, RAC streamlines the rental process, removing unnecessary fees and complications. This approach has resonated with customers, contributing to the company’s strong growth trajectory.
Furthermore, the integration of advanced logistics and asset management technologies allows RAC to optimize its operations and deliver superior service. As the company continues expanding, investments in technology and customer experience remain a top priority.
