EquipmentShare completes $150 million equity raise

Photo: EquipmentShare

US-based EquipmentShare has completed an extension of its Series E equity raise, raising an incremental $150 million (€140 million) from existing and new investors in the process.

Led by funds affiliated with private banking firm BDT & MSD Capital Partners, the latest round of funding means the company has raised $440 million (€412 million) since 2022.

Jabbok Schlacks, CEO and co-founder of EquipmentShare said the company is “pleased to announce the raise” and will enable the company to“ further its ability to “build the future of construction through cutting-edge technology.”

Schlacks said, “Once again, our growth is driven by our bar raising rental experience and an influx of customers embracing our technology-driven construction solutions. This round of funding not only attracts fresh capital from both new and existing investors, but it also showcases our ability to stand tall in a challenging macroeconomic landscape, positioning us for even greater success in the future.

Trevor Schauenberg, CFO of EquipmentShare added, “The extension of our equity raise speaks to the strength of our business and our proven track record of performance and growth. 

“This new capital enhances our liquidity and will enable us to continue to invest in the expansion and distribution of our US rental footprint and our T3 technology platform.”

Henry Yeagley, partner at BDT & MSD Partners said, “We are excited to deepen our partnership with Jabbok, Willy, and the EquipmentShare team in their efforts to transform the construction industry. 

“Through a combination of deep, hands-on industry knowledge and cutting-edge technology systems, EquipmentShare is helping to make the rental equipment market and broader construction space more productive, efficient and safe. As an aligned, long-term capital partner to family- and founder-led companies, we look forward to supporting EquipmentShare in its next chapter of growth.”

EquipmentShare has experienced significant growth since being founded in 2015 by brothers Jabbok and Willy Schlacks and recently invested in a new facility in Trotwood, Ohio.

It also held a funding round in 2021 to support the launch of its T3 management system, while earlier this year the company also increased its financial borrowing capacity to $3 billion (€2.8 billion) via a loan facility with banking group Capital One.