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.
EquipmentShare calls itself one of the largest and fastest-growing equipment rental providers in the US. It operates a digitally-native equipment rental platform, 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 via revenue-share agreements 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. 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.
EquipmentShare.com plans to list on the Nasdaq under the symbol EQPT. Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, Citi, Guggenheim Securities, Citizens JMP, Truist Securities, Baird, Oppenheimer & Co., KeyBanc Capital Markets, Fifth Third Securities, SMBC Nikko, M&T Securities, Regions Securities, BTIG, and Wedbush Securities acted as joint bookrunners on the deal.
