EquipmentShare was founded in 2014 by Jabbok Schlacks, Willy Schlacks, Brad Siegler, Jeff Lowe, and Matthew McDonald. The company has not officially endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
EquipmentShare is a comprehensive technology and logistics ecosystem for the construction industry. The company's two primary services are a marketplace where contractors can rent equipment to each other, and a suite of data and logistics functions that allow contractors to quantify and consolidate project data on a single dashboard. EquipmentShare has invested in Branch Technology, Flexbase, and Soil Connect. The company has raised $400 million in venture capital funding from investors including Tiger Global Management, The Spruce House Partnership, RedBird Capital Partners, Tru Arrow Partners, Romulus, Insight Partners, and Anchorage Capital Group. The company has a post-money valuation of $2.6 billion.