Aggreko’s owners raise funds for growth

Aggreko’s private equity owners are aiming to raise US$1.15 billion – split between dollars and euros – in an add-on to its term loan B (TLB) due in May 2031.

The funds will be used to paydown its revolving credit facility by $395 million, to add $205 million in cash, and to fund a dividend payment of $550 million.

The company said the transaction, which is expected to complete today (8 January), is expected to generate EBITDA of $120 million based on $600 million invested for growth capital expenditure in 2026.

Photo: Aggreko

It said the proposed dividend payment was based on the strong performance of the business.

Its revenues in the 12 months to September 2025 were $3,194 million, with adjusted EBITDA of $1,218 million.

“Increased investment in both fleet and people (including new skills and capabilities) continues to underpin our organic growth and M&A is now a proven pillar for delivering future growth”, said Aggreko’s owners.

“Recent acquisitions are performing well, and we have developed a healthy pipeline of future accretive opportunities.”