COLUMBIA, Mo. — With EquipmentShare’s debut Friday on the stock exchange, the Missouri-built leader in connected jobsite technology is advancing a decade-long blueprint for its growth, as well as productivity, efficiency and collaboration across the construction industry, said Jabbok Schlacks.
Jabbok Schlacks, EquipmentShare
“Our vision since we founded EquipmentShare more than 10 years ago was to transform the fragmented and underserved construction industry and fuel the engine that powers America’s growth,” said Schlacks, co-founder and CEO of EquipmentShare said in a press release. “The substantial investment in infrastructure, energy, and industrial projects over the next 10 years demands a new approach — one that is data-driven, connected, and built for scale.”
The homegrown unicorn announced on Friday that its Class A common stock has begun trading on the Nasdaq Global Select Market under the ticker symbol “EQPT.” News reports indicated EquipmentShare debuted its initial public offering of 30.5 million shares at $24.50 per share.
“We believe that EquipmentShare is best positioned to connect the industry, and becoming a public company allows us to extend our impact for the customers and communities we serve,” said Schlacks.
Click here to learn more about EquipmentShare’s initial public offering.
The EquipmentShare team celebrates the company’s IPO at its headquarters in Columbia, Missouri; photo courtesy of EquipmentShare
Willy Schlacks, EquipmentShare
By integrating a large rental fleet with its proprietary T3 operating system, EquipmentShare has created a digital-first model built to provide contractors with real-time data and unified management, the company said. EquipmentShare’s operating model combines a modern fleet and national scale with the innovation and vision of a technology leader, allowing EquipmentShare to deliver better outcomes for customers who demand safer, smarter, and more profitable jobsites.
“As contractors, we spent years on jobsites watching machines sit idle while projects fell behind schedule. It was a systemic failure of visibility,” said Willy Schlacks, co-founder and president of EquipmentShare. “We have an incredible team building the future of construction through our T3 technology platform that connects assets, materials, and people — and we believe it will support our expansion into new verticals and new sectors within and beyond construction.”
“Now, as a public company,” he continued, “we are staying true to our long-term vision of bringing visibility and control to the construction industry: combining physical distribution with the transition from analog processes to a digital reality to modernize how contractors manage every facet of their projects.”
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