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BigRentz Closes $15 Million Private Investment and Acquires National Site Services Provider

Apr 01, 2020•over 5 years ago

Amount Raised

$15 Million

Irvine

Description

BigRentz, the nation’s largest construction equipment rental network, today announced it closed $15 million in private funding that will enable it to broaden its rental category expansion and maintain business continuity. The investment was used to acquire Atlanta-based Equipment Management Group (EMG), a national site services provider, and the previously announced merger with Lizzy Lift. The funding comes from private investors and new lead investor, ITOCHU Corporation, a Global Fortune 500 company with assets totaling over $90 billion.

Company Information

Company

Big Rentz

Location

Irvine, California, United States

About

BigRentz is an online construction equipment rental marketplace. Our 2,500 partners with 8,500 rental yards across the country represent the biggest equipment rental network in the nation. BigRentz is leading the equipment rental industry by using innovative technology to streamline the rental process for both the customer and equipment rental partners. For our customers, we simplify the procurement and logistics challenges of renting construction equipment. For our equipment rental partners, we help drive their revenue, broaden their reach, and increase their overall utilization. Types of equipment rented include aerial equipment: boom lifts and scissor lifts; material handling equipment: forklifts and telehandlers; earthmoving equipment: backhoes, skid steers, and dozers; site services: dumpsters, light towers, and storage containers; and specialty rentals for a variety of industries. Visit www.BigRentz.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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