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.
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.
