Private equity firm Kinderhook Industries has announced the formation of Rentix Solutions, a new national specialty infrastructure equipment rental platform built through the merger of JDC (formerly Jack Doheny Companies) and Vacuum Truck Rentals (VTR) — two established names in the water, sewer, electric utility, and environmental services markets.
The combination brings together JDC's 50-year legacy in specialized infrastructure equipment — including sewer and vacuum trucks, hydro excavators, aerial boom trucks, air handlers, and pipeline inspection equipment — with VTR's standing as the largest commercial vacuum truck rental company in the United States. The result is one of the most significant platforms in the specialty equipment rental space, with relevance to anyone operating in the hydrovac and vacuum excavation sector.
Rentix Solutions will be led by CEO Payton Lockey and COO B.T. Steadman, and will operate across more than 36 branch locations nationwide with a combined fleet exceeding 3,200 pieces of specialized equipment. The platform also includes a nationwide parts distribution network with more than 300,000 SKUs, 100-plus certified service bays, and a 48-hour rental turnaround commitment.
The new entity will serve customers across sewer maintenance and inspection, electric transmission and distribution, underground utility installation, hydrovac excavation, industrial plant maintenance, and environmental services — essentially the full spectrum of specialty infrastructure work that depends on vacuum and excavation equipment.
"By unifying JDC and VTR, we have created a company capable of serving customers across every dimension of their specialty equipment needs — from the first rental to long-term fleet service and parts support," said Corwynne Carruthers, Managing Director at Kinderhook Industries. "That is a fundamentally stronger value proposition for customers, and a stronger platform for growth."
Lockey echoed that sentiment: "Our customers will experience the same people, the same equipment, and the same service they have always relied on — now backed by a broader platform, a larger fleet, and a deeper bench of expertise."
Kirkland & Ellis LLP served as legal counsel to JDC and Kinderhook. Financing was provided by an ABL syndicate led by Regions Bank, with participation from Fifth Third Bank, PNC Capital Markets, and The Huntington National Bank, alongside a split-lien term loan led by Marathon Asset Management. Catalyst Strategic Advisors served as exclusive financial advisor to JDC and Kinderhook, and Baker Donelson served as legal counsel to VTR.
About Rentix Solutions
Rentix Solutions is a national specialty infrastructure equipment platform providing rental, parts, service, and sales across sewer and vacuum trucks, hydro excavators, aerial boom trucks, and related specialized equipment. With 36+ locations and 3,200+ pieces of equipment, Rentix Solutions serves water and sewer, electric utility, and environmental customers across the United States. For more information, visit RentixNow.com.
About Kinderhook Industries
Founded in 2003, Kinderhook Industries is a private investment firm that has raised over $11 billion in committed capital and completed in excess of 500 investments and follow-on acquisitions. The firm focuses on middle market businesses in healthcare services, environmental and equipment services, and manufacturing and industrials. For more information, visit kinderhook.com.
Original release distributed via Kinderhook Industries.
