EquipmentShare.com, a company in connected jobsite technology and a construction equipment rental provider in the United States, completed its fourth asset-backed securitization (ABS) under the OWN Program.
In the transaction, OWN Equipment Fund III purchased a pool of rental equipment from EquipmentShare. OEF III, a third-party investment vehicle, successfully raised approximately $454 million through an institutional investor-supported ABS transaction collateralized by EQPT-managed equipment. EquipmentShare played an active role alongside OEF III in facilitating the ABS transaction.
“We launched the OWN Program over ten years ago to give partners access to equipment ownership while enabling EquipmentShare to expand our fleet and serve our customers’ needs,” Jabbok Schlacks, co-founder and CEO of EquipmentShare, said. “A decade later, the program has matured into a durable, repeatable capital platform supported by deep institutional demand.”
Citigroup Global Markets served as structuring lead on the securitization. MidOcean Partners, through OWN Tactical Equipment III, led the equity investment and manages OEF III. Fifth Third Securities and SMBC Nikko Securities America acted as joint active bookrunners.
