Empowering Our Clients’ Growth in Markets Nationwide

As one of the fastest-growing integrated equipment rental and equipment asset management companies in the United States, EquipmentShare is focused on solving construction pain points through smart jobsite technology and equipment rental, retail and service centers.

The Columbia, MO-based company has a presence across 38 states and operates more than 215 facilities and employs more than 5,000 team members nationwide. EquipmentShare’s growing presence of locations, which includes equipment and service yards, research and development sites, dealerships for major brands, administrative offices and specialty solutions locations, serve the rising demand for the company’s equipment and digital solutions. 

"At EquipmentShare, our growth stems from our unwavering commitment to excellence and innovation,” says Jabbok Schlacks, Founder and Chief Executive Officer of EquipmentShare. “We're dedicated to empowering contractors and revolutionizing construction work through best-in-class rental experiences and first-of-its-kind technology and telematics system, T3.”

For CEOs and brothers Jabbok and Willy Schlacks, this is all part of the plan they had when they founded EquipmentShare back in 2015. 

"EquipmentShare was born from our shared vision and firsthand experience in the construction industry, aiming to improve efficiency and productivity for contractors. My brother Jabbok and I understood the inefficiencies plaguing construction sites and were determined to provide a solution through cutting-edge technology," says Willy Schlacks, founder and president of EquipmentShare.

Capital One has provided financial services to support this innovative company’s growth since its early days. 

In August 2021, Capital One served as the lead arranger and administrative agent for EquipmentShare’s original line of credit of $1.2 billion. In July 2022, the line of credit was increased to $2.1 billion. Due in part to this lending from Capital One, EquipmentShare was able to expand  its footprint, enter new markets nationwide, create new jobs, improve infrastructure nationwide and acquire thousands of new customers.

Last year, EquipmentShare once again announced it would increase its borrowing capacity from $2.1 billion to $3 billion through a senior secured asset-based revolving credit facility with Capital One. 

“We’ve been so pleased to offer our financial services to support EquipmentShare over the years because it’s a business that has proven itself as a leader in the construction industry no matter what the external environment has been,” says Tim Tobin, Head of Asset Based Lending at Capital One. “It was the company’s strong foundation and strategic growth over the last few years that paved the way for positive receptivity for these transactions.” 

Working alongside companies like EquipmentShare comes as part of Capital One’s broader efforts to support economic growth in communities across the country. 

“Columbia, Missouri and Capital One’s headquarters in Virginia, Equipment Share and Capital One share a commitment to supporting local communities. And we are proud to be part of a growth story that has created thousands of jobs and infused economic growth into the Missouri region and beyond,” Tobin said. “It has a ripple effect on economies all over the nation who utilize EquipmentShare for their own construction projects, and that’s what makes this work so fulfilling.” 

Capital One’s Commercial Bank is made up of a deeply specialized team with deep expertise with the middle market, the crucial sector of the economy made up of more than 200,000 companies, like EquipmentShare, that collectively employ more than 48 million Americans. 

“Our partnership with Capital One has been a key step in our evolution as we continue to grow,” says Jabbok Schlacks, founder and CEO of EquipmentShare. “The financing is helping us expand our suite of technology solutions and build out our national footprint to better serve the needs of our customers.” 

At a time when middle market companies are facing increased economic pressures, providing financial services to support companies that create good jobs and foster even more economic growth through construction and manufacturing is crucial. 

“We spend our days and weeks studying the economy and how we can support our clients across all sectors,” Tobin said. “When our clients succeed, it reinforces this work all the more.” 

To learn more about EquipmentShare, visit www.equipmentshare.com.  

To learn more about Capital One’s Commercial Bank, visit https://www.capitalone.com/commercial/insights/