Construction equipment rental platform EquipmentShare.com files for an estimated $800 million IPO
EquipmentShare.com, which rents and sells construction equipment from its digital platform and over 300 stores, filed on Tuesday with the SEC to raise what we estimate could be $800 million in an initial public offering. The company is expected to list as early as January 2026.
January 23, 2026 News
Equipment rental platform EquipmentShare.com prices IPO at $24.50 midpoint
EquipmentShare.com, which rents and sells construction equipment from its digital platform and over 300 stores, raised $747 million by offering 30.5 million shares at $24.5, the midpoint of the range of $23.50 to $25.50.
IPO Overview
January 13, 2026,Equipment rental platform EquipmentShare.com sets terms for $747 million IPO
EquipmentShare.com, which rents and sells construction equipment from its digital platform and over 300 stores, announced terms for its IPO on Tuesday.
The Columbia, MO-based company plans to raise $747 million by offering 30.5 million shares at a price range of $23.50 to $25.50. At the midpoint of the proposed range, EquipmentShare.com would command a fully diluted market value of $6.7 billion.
EquipmentShare.com Overview
EquipmentShare calls itself one of the largest and fastest-growing equipment rental providers in the US. It operates a digitally-native equipment rental platform, complete with 342 full-service rental locations, 9 dealership sites, and 22 building materials stores across 45 states as of September 30, 2025. Its fleet includes approximately 235,000 units that it owns, leases, or manages with an original equipment cost of $8.1 billion, each connected via T3, its proprietary platform that provides real-time tracking, predictive maintenance, and remote access control across a wide range of equipment to streamline jobsite operations. The majority of revenue is from rentals, though a significant amount is from sales. In addition to general construction equipment （e.g. telehandlers, excavators, compact track loaders, dozers, compressors）， the company has also expanded into specialty classes to such as HVAC, pumps, and power generation.
The Columbia, MO-based company was founded in 2015 and booked $4.4 billion in sales for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol EQPT. EquipmentShare.com filed confidentially on August 1, 2025. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, Citi, Guggenheim Securities, Citizens JMP, Truist Securities, Baird, Oppenheimer & Co., and KeyBanc Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
EquipmentShare.com Company News
May 10, 2023
EquipmentShare Closes Successful Debut Bond Offering, Making It One of the Largest High-Yield Issuances to Date for a First Time Issuer
?COLUMBIA, Mo. – EquipmentShare.com Inc （“EquipmentShare”）， one of the fastest growing integrated equipment rental and equipment asset management companies in the United States, announced the closing of its inaugural offering of $640 million of senior secured second lien notes due 2028 （the “Notes”）， one of the largest high-yield issuances in 2023 for a first time issuer. The company also announced its entry into an amendment to extend the maturity of, and upsize the borrowing capacity under, its senior secured asset-based revolving credit facility （the “ABL Facility”）。 The ABL Facility amendment will increase EquipmentShare’s borrowing capacity under that facility from $2.1 billion to $3.0 billion.
The landmark offering of the Notes and the ABL Facility amendment are designed to optimize EquipmentShare’s capital structure, allowing the company to refinance existing debt. The Notes mature on May 15, 2028, unless earlier redeemed. The Notes will be secured on a second priority basis by liens on substantially all of the assets that secure any first priority lien obligations of EquipmentShare.
About the Company
Founded in 2015, EquipmentShare is a digitally-native equipment rental platform servicing the largest jobsites nationwide. As lifelong contractors, Co-Founders Jabbok and Willy Schlacks knew the jobsite didn’t break down from lack of effort, but from lack of connection. There was no holistic operating system to bring the moving parts of a complex jobsite together in real time. Lost or stolen equipment, phone-tag coordination, and underutilized fleets were the norm. Their answer was to build T3, a proprietary, interoperable, vertically integrated software platform that connects assets, materials, and people. Combined with world-class operations and a nationwide footprint, EquipmentShare serves customers with an integrated solution designed to make their jobsites more efficient, safer, and lower cost. T3 technology generates customer demand. All of our assets are managed and operated on our T3 platform, giving our customers and branch teams real-time location, health, utilization, and insights to reduce downtime. We believe that there is no other rental-integrated technology platform like it in the industry. We believe it is our advantage driving our market share gains. Customer demand seeds organic site expansion. Our customers pull us into new markets, where we open locations organically as we believe this is the most effective way to scale our rental operations financially and operationally.