Middletown-based equipment rental company secures $160M credit facility to support expansion
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Mazzotta Rentals Inc. is headquartered in Middletown.
A Middletown-based business that provides rental equipment across the Northeast says it has secured a $160 million credit facility, led by M&T Bank, to help it grow.
Mazzotta Rentals Inc. said the loan facility refinances existing debt and will support its “continued growth and expansion efforts.”
“We’re focused on steady, contiguous growth — opening two to three new stores each year, expanding our rental fleet offerings and growing our support staff right here in Middletown, Connecticut,” CEO Joseph Mazzotta told the Hartford Business Journal.
The credit facility includes a $120 million revolving line of credit, along with a $5 million term loan and a $35 million accordion feature.
Thomas Caldaroni, chief administrative officer of Mazzotta Rentals, said the credit facility reflects confidence in the company’s future.
"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," he said.
In addition to its headquarters in Middletown, Mazzotta Rentals has two existing locations in Massachusetts. It plans to open a fourth location in Brewster, New York, in two weeks and another in Tewksbury, Massachusetts is scheduled to open in December 2025.
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