Chicago, IL (PRWEB) January 09, 2015
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.6 million senior credit facility to RE Investment Company LLC, a wholly owned subsidiary of Miami, Florida, based Rental Equipment Investment Corp. for the acquisition of Midway Rental & Power Equipment, Inc. and its affiliate Kurken, Inc. Midway is based in Kalispell, Montana, and rents industrial and construction equipment, including lifts, generators, excavators, tractors, and other items, to industrial customers (railroads, sawmills, oilfields, and agriculture-related businesses), general contractors and resorts.
Rental Equipment Investment Corp. is a new holding company led by Kevin Fitzgerald, the former chief executive officer of Neff Rental.
About MB Business Capital
MB Business Capital is the asset based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois. MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.
About MB Financial, Inc. (NASDAQ: MBFI)
MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, which has approximately $15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. Learn more about MB Financial, Inc. at http://www.mbfinancial.com.