EquipmentShare reveals scale of US rental business

EquipmentShare, the fast-growing US rental business, has revealed revenues of US$3.9 billion for the 12 months to 31 March 2025.

That takes it into the same size territory as Herc Rentals in terms of revenues (before Herc’s acquisition of H&E Equipment) and make it a top four rental business in the US and worldwide.

The business now has 326 locations in the US and operates a fleet valued at more than $7 billion at original cost.

The figures were released as EquipmentShare announced the sale of a pool of its fleet to OWN Equipment Fund II, a third-party investor that raises funds through asset-backed securitization (ABS) against equipment managed by EquipmentShare.

EquipmentShare’s head office is in Columbia, Missouri. (Photo: EquipmentShare)

The rental company said the deal was part of its “capital-light funding model”, with EquipmentShare selling equipment to third-party buyers who lease the equipment back to the rental business. EquipmentShare then shares rental income with the owner.

EquipmentShare said it played an active role with OWN to facilitate this latest ABS transaction and is the third such deal. Around $3.6 billion of its fleet, at original cost, is now funded through OWN, more than 50% of its total fleet.

“This successful placement demonstrates the institutional maturity and scalability of the OWN Program,” said Jabbok Schlacks, co-founder and CEO of EquipmentShare.

“By partnering with funds like OWN Equipment Fund II, we access long-duration, off-balance-sheet capital, while continuing to deliver operational excellence to our customers.

“We’re proud to support this ABS offering and look forward to continuing to grow this programmatic capital channel.”

Founded in 2015 and headquartered in Columbia, Missouri, EquipmentShare said its aim was to “transform the construction industry through innovative tools, platforms and data-driven insights.” Its technology includes the fleet management tool T3, used by contractors and equipment owners.