EquipmentShare is said to weigh US IPO as soon as this year
IPO listing could raise more than $1B
EquipmentShare, a construction equipment rental company backed by BDT & MSD Partners, is considering moving ahead with an IPO as soon as this year, according to people familiar with the matter.
The Columbia, Missouri-based company is working with Goldman Sachs Group Inc., JPMorgan Chase & Co. and Bank of America Corp. on the offering, one of the people said, asking not to be identified because the information isn’t public. The listing could raise more than $1 billion, the person said.
Details of the offering may change and more banks could be added to the lineup, the people said. Representatives for BDT & MSD and EquipmentShare didn’t immediately respond to requests for comment. Spokespeople for Goldman Sachs, JPMorgan and Bank of America declined to comment.
Founded in 2015, EquipmentShare rents and sells equipment and technology to the construction industry, according to its website. Its T3 cloud-based platform allows customers to monitor the location and operational status of their equipment in real time. The company has more than 7,300 employees, the website shows.
EquipmentShare was valued at $3.75 billion in 2023 when it announced a Series E deal that raised a total of $440 million, according to data provider PitchBook.
— By Bailey Lipschultz (Bloomberg)
Proud Member Of
Check Out Our Industry Event
