EquipmentShare, a technology-driven equipment rental and solutions provider founded in 2015 and headquartered in Columbia, Missouri, has completed its third asset-backed securitization (ABS) transaction through its proprietary OWN Program. This initiative involved the sale of a pool of rental equipment to OWN Equipment Fund II LLC (OEF II), an investment vehicle supported by institutional investors, further expanding EquipmentShare’s capital-light funding model.
Under the OWN Program, EquipmentShare sells rental equipment to third-party buyers like OEF II, who then lease the equipment back to EquipmentShare. EquipmentShare maintains full operational control, managing, servicing, and renting the assets through its nationwide platform and proprietary technology system, T3. Rental income is shared with the equipment owner.
Jabbok Schlacks, co-founder and CEO of EquipmentShare, commented on the transaction’s significance, stating, “This successful placement demonstrates the institutional maturity and scalability of the OWN Program. By partnering with funds like OWN Equipment Fund II, we access long-duration, off-balance-sheet capital, while continuing to deliver operational excellence to our customers. We’re proud to support this ABS offering and look forward to continuing to grow this programmatic capital channel.”
The OWN Program facilitates EquipmentShare’s efficient scaling without compromising fleet quality or customer experience. As of March 31, 2025, the OWN Program had funded $3.6 billion of fleet Original Equipment Cost (OEC), representing over 50% of the company’s total fleet under management. EquipmentShare currently operates 326 locations across the U.S. and reported $3.9 billion in trailing-twelve-month revenue as of March 31, 2025. The company’s growth is attributed to its vertically integrated T3 platform and a disciplined greenfield expansion strategy.
The securitization involved several financial institutions. Citi served as the Structuring Lead for the transaction, while MidOcean Partners led the equity investment and manages OEF II. Mizuho, Fifth Third, and SMBC acted as Joint Active Bookrunners, with MUFG participating as a Passive Bookrunner.
