CINCINNATI, OH – RKCA, Inc. (“RKCA”), a leading, independent, middle-market investment bank, is pleased to announce the successful refinancing of Fischer-Bush Equipment Rentals, Inc. (“Fischer-Bush”, “FBE”, or “Company”) with WesBanco, Inc. (“WesBanco”), a multi-state bank holding company headquartered in Wheeling, West Virginia. The transaction closed in July 2024.
Fischer-Bush, headquartered in Cincinnati, Ohio with locations in Midland and Pleasanton, Texas and Williston, North Dakota is a rental provider of pumps for water transfer and related equipment largely serving the oil and gas industrial sectors. Founded in 2011, the Company offers a full suite of rental pumps and associated equipment and parts across multiple geographies.
“Having been fortunate to work with the RKCA team on various initiatives over the past three years, it’s easy for me to share my experience with this team,” said Wade Bush, FBE’s founder and owner. “The diligence, professionalism, and drive to succeed is beyond reproach. We were able to secure a financial structure that will be great for both the short- and longer-term needs of our business.”
RKCA was retained as the Company’s exclusive financial advisor. The transaction was led by Tom Compton, Managing Partner and Justin Hollon, Senior Analyst.
“Working with Wade and his team has been a pleasure,” said Tom Compton. “The new financing package will allow Fischer-Bush additional operational flexibility to continue on their growth trajectory and capitalize on current market dynamics and opportunities.”
About Fischer-Bush Equipment Rentals, Inc.
Fischer-Bush is a leading source of rental pumps and related equipment for the oil & gas, industrial, petrochemical, construction, municipal, environmental, and mining industries. The Company believes in providing the highest quality equipment combined with top notch service with fabrication and rebuild capabilities. FBE offers 24-hour service with its rentals and sales to meet customer needs.
WesBanco, Inc.
With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our eight-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $18.1 billion in total assets, with our Trust and Investment Services holding $5.6 billion of assets under management and securities account values (including annuities) of $1.8 billion through our broker/dealer, as of June 30, 2024. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.
About RKCA
RKCA is a privately held independent investment bank focused exclusively on serving the middle-market. The firm provides M&A advisory, capital advisory, and direct investment services uniquely tailored to the needs of middle-market businesses. With decades of collective deal experience covering billions in transactional value, our personalized deal teams leverage proven processes to achieve exceptional outcomes for our clients.
RKCA was founded in 1986 on the novel principle that middle-market businesses deserve exceptional capital advisory services. Since then, RKCA’s proven processes have resulted in numerous closed transactions and successful client outcomes. Today, RKCA’s team of investment bankers are proud to continue the firm’s legacy of client-centric, middle-market focused capital advisory. For additional information, please visit www.rkca.com.
