A-Rent Test Equipment, a portfolio company of Sterling Partners and Rising Point Capital, has been acquired by Bregal Sagemount
A-Rent Test Equipment
A-Rent Test Equipment, LLC (A-Rent) is a leading provider of mission-critical electrical test equipment rentals, calibration and asset management services and solutions. Headquartered in Burr Ridge, Illinois, the company serves customers supporting critical electrical infrastructure across the power grid, data center, commercial and industrial, oil and gas and renewable energy end markets. A-Rent provides rapid nationwide access to a broad portfolio of high-quality, calibrated equipment, supported by engineer-led technical expertise, responsive logistics and a customer-first service model. Its integrated capabilities help customers maintain safe and reliable electrical infrastructure while reducing the capital, logistics and operational burdens associated with equipment ownership. For more information, please visit www.a-rent.com.
The Deal
Founded in 2019 by Paul Seppanen with financial backing from Sterling Partners and Rising Point Capital, A-Rent has developed from a start-up into a scaled, nationally recognized provider of electrical test equipment rentals and complementary services. The company has expanded beyond its Burr Ridge, Illinois headquarters, establishing facilities in Houston, Texas; Chandler, Arizona; and Sterling, Virginia. During this period, A-Rent has also significantly broadened its rental fleet and service capabilities while investing in technical talent, systems and analytics. These investments have created a differentiated platform recognized for its high-quality, readily available equipment, engineer-led technical support, responsive service and multi-location delivery capabilities.
A-Rent and its shareholders retained Lincoln International as exclusive financial advisor to identify the right partner to support the company’s next phase of growth. The partnership with Bregal Sagemount will provide A-Rent with additional resources and expertise to accelerate its growth strategy, including deepening relationships with existing customers, winning new accounts, expanding into additional geographies, further developing its load bank, calibration and asset management offerings and pursuing strategic acquisition opportunities.
“The Lincoln team were true partners throughout our engagement. They helped guide me and our team through the unfamiliar and intense process and exceeded our expectations,” said Paul Seppanen, Founder and Chief Executive Officer of A-Rent.
Our Perspective
Adam Gifford, Managing Director at Lincoln International, commented, “Paul and his team have built a fantastic platform that has seen tremendous growth with the help of the Sterling Partners and Rising Point team, and we are confident A-Rent will continue its incredible trajectory under Sagemount’s ownership. We have thoroughly enjoyed partnering with the A-Rent team on this transaction and look forward to seeing the next chapter of growth.”
Sterling Partners
Sterling Partners is a diversified investment management firm founded in 1983 and based in Chicago. Sterling invests internal and third-party capital on a deal-by-deal basis across a range of industries, stages of growth and structures, including control, non-control, preferred equity and debt investments. The firm seeks to create value through transformational growth, entrepreneurial partnership, deep domain expertise and access to executive talent. For more information, please visit www.sterlingpartners.com.
Steven Taslitz, Chairman and Co-Founder at Sterling Partners, commented, “Lincoln did a tremendous job articulating the value proposition of the A-Rent platform, aggressively positioning the financials and providing the management team and shareholders with optionality. We are thrilled to find a fantastic partner for Paul and his team that will allow the platform to continue to scale.”
Rising Point Capital
Rising Point Capital is a Chicago-based lower-middle market private equity firm focused on partnering with founder-, family- and management-owned businesses. The firm provides strategic guidance, operational insight and capital to help companies pursue organic growth, geographic expansion and strategic acquisitions. Rising Point invests across industrial services, energy and infrastructure, environmental and waste, logistics and transportation, value-added distribution, commercial services and home services. For more information, please visit www.risingpointcapital.com.
Bregal Sagemount
Bregal Sagemount is a leading growth-focused private capital firm with $11 billion of cumulative capital raised. Currently investing out of a $3.7 billion Fund V, the firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 90 companies in a variety of sectors, including software, data & information services, financial technology & services, digital infrastructure, healthcare IT and business & consumer services. The firm has offices in New York City and Palo Alto, California. For more information, please visit www.sagemount.com.
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