May 2, 2023
I Squared Capital to Acquire Rentco, A Leading Trailer Platform in Australia
With depots in all mainland states of Australia, Rentco has a wide reach and established relationships with Tier-1 transport and logistics providers. The company also has a diverse customer base across groceries, durable goods, agriculture, and mining that mitigates sector-specific cyclicality while benefiting from growth in other sectors such as e-commerce. Rentco’s leadership team, which will remain with the company, has a strong track record of expanding the business and plans to focus on supporting clients’ asset-light models and vehicle electrification to capture demand from the trend towards more sustainable and cost-effective transportation solutions. The capital commitment from I Squared Capital will help Rentco take advantage of these opportunities in addition to pursuing inorganic growth.
Rentco is part of I Squared Capital’s strategy of expanding its presence in Australia and complements its other portfolio companies: Clean Energy Fuels Australia, a West Australia-based industrial decarbonization platform supporting off-grid miners and remote communities in reducing their carbon footprints, and Soilco, an organic waste processor generating high quality soil health products and supporting the circular economy along Australia’s east coast.
Rentco provides solutions for its customers’ transportation challenges with quality equipment on a short-, medium-, or long-term basis. The company combines Australia’s largest range of heavy-duty transport rental equipment with industry-leading service from highly skilled personnel to support its customers, no matter where they operate in the country. https://www.rentco.com.au/
No discussion with respect to specific companies should be considered a recommendation to purchase or sell any particular investment. The companies discussed do not represent all past investments. It should not be assumed that any of the investments discussed were or will be profitable, or that recommendations or decisions made in the future will be profitable.
Rory MacPherson / Gabriel Yue
+61 420 972 358
Alex Yankus / Clare Pickett
+1 (347) 477 7475