Opifex-Synergy has raised $1.05 billion in new capital through a financing package that includes its first issuance in the public bond market and a substantial asset-based lending facility, marking a major step forward in the company’s national growth strategy.
The Houston-based equipment rental and infrastructure services provider announced that the capital includes $550 million from its debut public bond issuance and $500 million in asset-based lending facilities with a $150 million accordion, all led by J.P. Morgan.
The company plans to use the funding to enhance its presence across major metropolitan markets, expand its specialty equipment offerings, and upgrade its fleet to support large-scale infrastructure, industrial, and commercial projects. The investment also strengthens Opifex-Synergy’s ability to deepen partnerships with enterprise-level clients and reinforces its positioning as a single-source solutions provider for complex job sites.
The company currently operates more than 34 locations across 12 of the top 22 metropolitan areas in the United States. Its expansion roadmap includes increasing same-store sales, growing its specialty rental verticals, and adding branches in high-demand regions. The enhanced capital structure is also expected to help the company attract industry talent and deliver stronger service, equipment availability, and on-site operational support.
Investor participation in the bond issuance was notably strong, with demand multiple times oversubscribed according to J.P. Morgan. Opifex-Synergy continues to be supported by institutional backers, including Avance Investment Management, Mas Group, and BlackRock’s managed funds and accounts.
Formed through the merger of Opifex LLC and Synergy Equipment, the company has grown into one of the nation’s largest independent equipment rental and infrastructure service providers, offering aerial equipment, earthmoving machinery, trench safety products, pumps, compaction equipment, material handling solutions, and other specialty assets.
The financing is expected to provide the company with greater operational flexibility as it scales and seeks to meet demand across a fragmented industry landscape. Investors view the company’s expansion strategy as aligned with the increasing volume of new infrastructure and industrial projects emerging across the country.
KEY QUOTES:
“We’ve built this company by staying close to our customers and never cutting corners, and this milestone underscores the market’s confidence in what we’re doing. Now we have the freedom to think bigger, move faster, and stay focused on what matters most: our fleet, our people, and our customers.”
Jay Vaughn III, CEO of Opifex-Synergy
“We are proud to play a role in Opifex-Synergy’s continued growth journey as it seeks to deliver streamlined solutions for clients across a fragmented sector. We saw robust demand from investors, driving an orderbook that was multiple times oversubscribed, and look forward to seeing how the team will execute as new infrastructure and industrial projects come online across the country.”
Alex Greenberg, Co-Head of Heavy Equipment Services, J.P. Morgan Investment Banking
