EquipmentShare is an American company specializing in construction equipment rental, sales, and technology services. It was founded in 2015 and is based in Columbia, Missouri. In 2026, there were 385 locations in 45 U.S. States.[1] The company has seen rapid growth, with 95 locations opening in 2025.[2] On January 13, 2026 the company announced they are targeting $6 Billion valuation in their pending IPO.[3] The IPO was completed on January 23rd, 2026 with a sale price of $24.50 per share.[4]
History
As teenagers, founders Jabbok and Willy Schlacks formed businesses across construction, technology and general contracting. By 2013, the brothers began working on an idea that would disrupt an archaic industry – construction. In 2014, fueled by their firsthand understanding of the chaos that comes with being a contractor, they pitched their idea of a peer-to-peer equipment marketplace at Startup Weekend in Columbia, Mo, and won.[5]
In 2023, EquipmentShare closed a $3 billion senior secured asset-based revolving credit facility with Capital One Bank.[6] In 2025, EquipmentShare opened its Technology and Development Center as an expansion of its Columbia, Mo. headquarters. The facility cost $100 million and aims to create 500 jobs in the Columbia area. Several city and state officials attended the center’s grand opening, including Missouri Governor Mike Kehoe.[7] Each EquipmentShare employee receives 16 hours of paid volunteer time per year and can contribute to company-wide initiatives like Back to School Buckets and Buckets of Joy.[8]
Technology
T3™ is EquipmentShare’s proprietary, cloud-based fleet management platform designed to provide centralized visibility and control over construction operations. [9]The platform includes features such as real-time telematics, digital work orders, time tracking, preventive maintenance scheduling, and location tracking. Hardware like GPS trackers and access control keypads help support theft prevention, increase equipment utilization, and eliminate unplanned downtime.[10]
In 2025, EquipmentShare was named “Fleet Management Technology Company of the Year” by AutoTech Breakthrough[11], and was included in Construction Executive’s 2025 Top Tech™ report, which highlights leading technology providers serving the construction industry.[12] In November of 2025, EquipmentShare was ranked No. 4 on The Software Report’s Top 50 Software Companies of 2025.[13]
External links
References
- About Us EquipmentShare.com, retrieved December 22, 2024^
- EquipmentShare Reports Fourth Quarter and Full-Year 2025 Financial Results March 18, 2026, retrieved March 24, 2026^
- Pritam Biswas, Arasu Kannagi Basil. EquipmentShare.com targets over $6 billion valuation in US IPO Reuters, 13 January 2026, retrieved 15 January 2026^
- Pritam Biswas, Disha Mishra. Construction tech firm EquipmentShare.com raises about $747 million in US IPO Reuters, 23 January 2026, retrieved 27 February 2026^
- Maya Sydlowski. EquipmentShare wins fourth Startup Weekend Columbia Silicon Prairie News, 2014-10-07, retrieved 2025-05-23^
- Michael Roth. EquipmentShare Closes $3 Billion Senior Secured Asset-Based Revolving Credit Facility Rental Equipment Register, 2023-05-15, retrieved 2025-05-23^
- DED celebrates EquipmentShare’s headquarters expansion and decade of growth in Missouri Department of Economic Development, retrieved 2025-05-23^
- Little Flower School receives donations from local businesses WALA, 2022-08-18, retrieved 2025-05-23^
- Retool Blog retool.com, 2024-02-07, retrieved 2025-12-17^
- EquipmentShare T3 Takes a Transformational Approach to Construction Equipment and Operations IRONPROS, 2022-07-19, retrieved 2025-12-17^
- 2025 Winners AutoTech Breakthrough Awards, retrieved 2025-12-17^
- Top Tech Product List - Construction Executive constructionexec.com, 2025-05-30, retrieved 2025-12-17^
- The Top 50 Software Companies of 2025 retrieved 2025-12-17^