Core Insights - EquipmentShare has completed its fourth asset-backed securitization (ABS) under the OWN Program, enhancing its capital structure and operational capabilities [1][2] - The transaction involved the purchase of a pool of rental equipment by OWN Equipment Fund III LLC, raising approximately $454 million through institutional investor support [2] - The OWN Program allows third parties to purchase rental equipment from EquipmentShare and lease it back, providing revenue sharing opportunities while EquipmentShare manages the assets [3] Company Overview - EquipmentShare, founded in 2015 and headquartered in Columbia, Missouri, is a leader in construction technology and equipment solutions, focusing on transforming the construction industry [6] - The company operates 373 locations nationwide and reported $4.4 billion in trailing twelve-month revenue as of September 30, 2025, indicating strong growth and market presence [4] - EquipmentShare's proprietary technology platform, T3®, supports its operational control, enhancing deployment, service, maintenance, and rental execution [3][4] Investment and Financial Structure - Citigroup Global Markets Inc. acted as the Structuring Lead for the securitization, with MidOcean Partners leading the equity investment through OWN Tactical Equipment III LLC [5] - The ABS transaction is part of a broader strategy to create a repeatable capital platform supported by institutional demand, reflecting the program's maturity over the past decade [4]
EquipmentShare Marks 10 Years of the OWN Program with $454 Million ABS Transaction