EquipmentShare Completes $230M Funding Spherical to Enhance Know-how and Ough. S. Footprint, States Information Chief Funding Officer


EquipmentShare, an tools and digital options supplier serving the development trade, publicizes the completion of a $230 million funding spherical led by Tiger World Administration, The Spruce Home Partnership and RedBird Capital Companions, with further participation from Tru Arrow Companions and current traders Romulus, Perception Companions and Anchorage Capital Group. These fundraising efforts present capital for EquipmentShare to launch its core know-how resolution, T3, the working system for building, and broaden its suite of know-how options. This funding spherical additionally permits the corporate to extend its nationwide footprint to raised serve the wants of its prospects.

“We’re grateful to our new and current traders for becoming a member of us on this journey to construct connectivity for the development trade,” EquipmentShare President and Co-founder Willy Schlacks stated. “We’re desperate to leverage this milestone spherical to launch a number of initiatives, with the continued objective of empowering contractors and accelerating productiveness in building.”

Based in 2014 and integrated in 2015, EquipmentShare has skilled fast progress, spurred by the demand for its award-winning fleet administration know-how and tools options. Greater than a rental firm, EquipmentShare is constructing upon its asset monitoring resolution to create an ecosystem of connectivity for building, a sector that has traditionally been disconnected from know-how and lags in productiveness positive factors. The corporate will quickly launch T3, a complete building know-how resolution that digitizes and connects the three verticals of building productiveness: property, folks and supplies. T3 will give contractors real-time visibility into components of the jobsite which are traditionally tough to trace and handle. 

“After assembly Willy, Jabbok, and their group, we have been extremely impressed by what they’re constructing at EquipmentShare. They haven’t solely created a fast-growing, technology-enabled rental enterprise that their prospects love, however they’re additionally constructing software program and options to make your complete building trade safer, extra environment friendly, and extra productive,” Spruce Home Partnership Co-founder Ben Stein stated. “We’re excited that our funding permits EquipmentShare to run even sooner at these bold targets.” 

EquipmentShare additionally introduced the appointment of Trevor Schauenberg as its Chief Monetary Officer (CFO). For the previous 10 months, Schauenberg has served as an Govt Working Associate and board member. He brings 28 years of progressive management expertise at Normal Electrical Firm (GE) in operational, strategic and monetary management roles to his newly appointed function of CFO.

“Over the previous yr, Trevor has demonstrated the management qualities wanted to take our firm to the subsequent degree,” CEO and Co-founder of EquipmentShare Jabbok Schlacks stated. “It has been a pure development to nominate Trevor to the CFO function, and we look ahead to constructing upon this momentum.”

“I am thrilled to just accept the CFO function at EquipmentShare and assist the corporate proceed to execute on its strategic progress plans,” Schauenberg stated. “After working with the EquipmentShare group as an advisor and board member this previous yr, I am satisfied we’ve a differentiated providing that may drive distinctive progress for a few years to come back.”

EquipmentShare plans to considerably improve its footprint within the U.S. in 2021 to develop its whole presence to greater than 100 areas. These further rental, retail and repair areas will permit the corporate to attach with new prospects and higher serve bigger corporations nationwide.

As a part of its growth plans, EquipmentShare plans to rent in every new market it enters. At the moment, the corporate hires a median of 100 staff every month. In 2020, Glassdoor named EquipmentShare one of many prime rising corporations within the nation, regardless of the COVID-19 pandemic. Moreover, Forbes named the corporate on its record of America’s Greatest Startup Employers primarily based on worker satisfaction, employer repute and progress for the second consecutive yr. 

For extra info on EquipmentShare’s tools and digital options, go to equipmentshare.com.

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About EquipmentShare

Headquartered in Columbia, Mo., EquipmentShare is a nationwide building options supplier devoted to fixing trade ache factors by way of sensible jobsite know-how and tools rental, retail and repair facilities. Greater than a rental firm, EquipmentShare’s cloud-connected platform is powered by telematics and machine {hardware} to provide building and industrial corporations a real-time view into the jobsite. EquipmentShare’s enterprise suite is OEM-agnostic and may observe any piece of kit, no matter model, to assist fleet managers monitor property, stop theft and machine misuse, observe worker hours and shifts, improve machine utilization, streamline upkeep and stop unplanned downtime. Based in 2014 and integrated in 2015, EquipmentShare employs greater than 2,300 group members of various views that push the boundaries of potentialities to create unparalleled buyer worth, assist their communities and empower building professionals to work extra effectively. EquipmentShare’s rising presence of areas, which incorporates tools and repair yards, analysis and improvement websites, dealerships for main manufacturers, administrative places of work and specialty options areas, serve the rising demand for the corporate’s tools and digital options. Our firm is on a mission that has no summit, working to speed up productiveness for contractors and construct connectivity for building. To study extra, go to equipmentshare.com.

The Spruce Home Partnership

The Spruce Home Partnership was based in 2005 to make concentrated, long-term investments in private and non-private corporations led by distinctive founders.

About RedBird Capital Companions 

RedBird Capital Companions is a non-public funding agency centered on constructing high-growth corporations with versatile, long-term capital in partnership with its Entrepreneur & Household Workplace Community. Based by former Goldman Sachs Associate Gerry Cardinale, RedBird at present manages $5 billion of capital principally throughout its Sports activities, TMT, Monetary Providers and Shopper trade verticals. RedBird invests with an entrepreneurial, company-building mentality, with an emphasis on capital appreciation and compounding fairness returns over longer holding durations. RedBird’s community of enterprise founders and entrepreneurs is central to its funding sourcing technique, and its extremely curated group of restricted companions are lively co-investors who present scalable capital assist. For extra info, please go to www.redbirdcap.com.

About Tru Arrow Companions

Tru Arrow Companions is an funding partnership primarily based in New York, shaped particularly to companion with investing households from around the globe. The agency’s investing focus is on personal progress know-how corporations primarily within the international web, software program, client, and fintech industries.  The agency was based by Glenn Fuhrman, James Rothschild and Adam Silverschotz. Previous to launching Tru Arrow, Glenn co-founded MSD Capital, L.P., the personal funding agency for Michael Dell, the founder and CEO of Dell Applied sciences, and from 1998 by way of 2019 served as its Co-Managing Associate. James was co-founder and Managing Associate of West Arrow, a Associate at Lepe Capital and has directed his household funding autos for 15 years. Adam was most just lately at TCV the place he led their investments in ByteDance and Capsule after spending a number of years at Coatue as a Managing Director in Hong Kong.

About Romulus Capital 

Romulus Capital is an early-stage enterprise capital agency centered on constructing, fairly than betting on, the subsequent massive know-how and science-enabled corporations. The agency companions with entrepreneurs trying to turn out to be trade leaders and works with them to construct world-class groups, win main prospects, iterate on product, and suppose strategically about constructing a powerful basis. The agency was based by former entrepreneurs in 2008, extra info is accessible at www.romuluscap.com

About Perception Companions

Perception Companions is a number one international enterprise capital and personal fairness agency investing in high-growth know-how and software program ScaleUp corporations which are driving transformative change of their industries. Based in 1995, Perception Companions has invested in additional than 400 corporations worldwide and has raised by way of a collection of funds greater than $30 billion in capital commitments. Perception’s mission is to search out, fund, and work efficiently with visionary executives, offering them with sensible, hands-on software program experience to foster long-term success. Throughout its folks and its portfolio, Perception encourages a tradition round a perception that ScaleUp corporations and progress create alternative for all. For extra info on Perception and all its investments, go to insightpartners.com.

For extra info or media inquiries, please contact:
Amy N. Susan, Director of Public Relations & Communications
Cellphone: (573) 890-0609
amy.susan@equipmentshare.com

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Supply: EquipmentShare