EquipmentShare, a Columbia, MO-based equipment and digital solutions provider serving the construction industry, raised $290M in funding.
The round was led by BDT Capital Partners with participation from existing investors such as RedBird Capital Partners, Tru Arrow Partners, and Sound Ventures, as well as several new investors including Brown Advisors.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Jabbok Schlacks, EquipmentShare is a nationwide construction solutions provider dedicated to solving industry issues through smart jobsite technology and equipment rental, retail and service centers. Its cloud-connected platform, T3, is powered by telematics and machine hardware to give construction and industrial companies a real-time view into their jobsite and operations. The enterprise suite of apps is OEM-agnostic and can track and manage any piece of equipment, regardless of brand, to help fleet managers monitor assets, prevent theft and machine misuse, track employee hours and shifts, increase machine utilization, streamline maintenance and prevent unplanned downtime.
Since its founding in 2014, EquipmentShare has experienced growth. In 2022 alone, the company opened 32 new branch locations and acquired thousands of new customers. Today, its total footprint comprises more than 150 locations, including additional rental, retail and service locations.
FinSMEs
24/04/2023