LOS ANGELES, CA (April 30, 2015) – St. Cloud Capital is pleased to announce a growth capital investment in Irvine, CA-based BigRentz, Inc. It is the first investment from St. Cloud’s third investment fund.
BigRentz is a technology-enabled equipment rental network specializing in aerial equipment (e.g. scissor lifts, boom lifts and forklifts), earth-moving equipment (e.g. excavators, backhoes, and skid steers) as well as site services to meet the needs of thousands of businesses and contractors. Currently, the company has access to 6,800 rental locations in over 2,000 U.S. cities. Management believes no other network can offer more equipment in more locations than BigRentz.
“Partnering with St. Cloud will allow us to invest in our strategic growth plan, building toward the future success of our company,” said Dallas Imbimbo, Chief Executive Officer and Co-Founder of BigRentz.
“We are excited about our partnership with BigRentz, a market leader in an industry St. Cloud has had success,” said Benjamin Hom, a Managing Partner of St. Cloud Capital. “BigRentz has a compelling value proposition and we look forward to helping the company achieve its next stage of growth.”
For more information about BigRentz, please visit www.bigrentz.com
About St. Cloud Capital
St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common equity. St. Cloud’s investment discipline includes non-control and control investments, and involves partnering with strong management teams or experienced industry entrepreneurs. For more information about St. Cloud Capital, please visit https://www.stcloudcapital.com