Mazzotta Rentals Secures $160 Million Credit Facility to Accelerate Growth and Continue Fleet Expansion
Summary
"We are thrilled to have the financial backing from M&T Bank to continue scaling our operations, expand our footprint, and meet increasing demand from our customers," said Thomas Caldaroni, chief administrative officer of Mazzotta Rentals Inc. "This credit facility is a strong endorsement of our performance and overall growth strategy, and it positions us to take advantage of new opportunities in key adjacent markets. "The credit facility, led by M&T Bank, along with a consortium of top-tier financial institutions, reflects strong confidence in MRIs leadership, operational performance, and future trajectory. "This financing is an important step forward as we continue to execute on our long-term strategic plan," said Joseph Mazzotta, CEO. "MRI has a proven record of strong growth, driven by increasing customer demand working in the general construction and infrastructure development. With this new funding, the company plans to expand its service offerings and strengthen its position as an industry leader in equipment rentals.Mazzotta Rentals has locations in Middletown, Conn., and Agawam, Mass.