Clairvest Group invests in recapitalization of Durante Rentals
Canadian mid-market private equity firm Clairvest Group has invested in the recapitalization of Durante Rentals LLC, a Flushing, New York-based construction equipment rental provider. Terms weren't released for the deal, which saw Clairvest partner with Anthony Durante, the company's co-founder and CEO. Established in 2009, Durante primarily serves small to mid-sized contractors through 10 branches across New York, New Jersey and Connecticut. The platform investment is Clairvest's third in the equipment rental sector and the ninth by Clairvest Equity Partners V. Earlier this year, Clairvest closed its sixth mid-market fund, raising about $1.1 billion (US$850 million).
4 July 2019•3 mins read
