EquipmentShare expands OWN program with third ABS offering
More than $3.6B in original equipment cost was funded through the equipment rental house's program
Construction equipment rental house EquipmentShare has supported its third successful asset-backed securitization under its OWN Program.
With the program, EquipmentShare continues to grow its capital-light funding strategy, according to a July 9 release. The company sold a pool of rental equipment to OWN Equipment Fund II, a third-party investment vehicle that raised capital through an asset-backed securitization (ABS) transaction collateralized by EquipmentShare-managed assets.
Through the OWN Program, EquipmentShare sells equipment to third-party buyers who lease it back to the company, allowing it to retain operational control while sharing rental income, according to the release. As of March 31, 2025, more than $3.6 billion in original equipment cost (OEC), representing over half of EquipmentShare’s fleet, was funded through the program.
The latest ABS transaction was structured with Citi as the lead, with MidOcean Partners managing the investment vehicle, according to the release. Joint active bookrunners included Mizuho, Fifth Third, and SMBC, while MUFG participated as a passive bookrunner.
EquipmentShare has 326 U.S. locations and $3.9 billion in trailing 12-month revenue, according to the company.
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