Hirepool, one of the leaders in the equipment and commercial rental market, is planning an Initial Public Offering according to reports.
Majority owned by Australian private equity firm Next Capital, the company has hired Deutsche Bank/Craigs Investment Partners, Macquarie Capital and UBS to manage the float, according to the Australian Financial Review.
The company is showing strong growth from the Christchurch rebuild and booking Auckland contraction market – and could list at a market value of around $300 million.
Hirepool last year purchased failed competitor Hirequip.
