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Bloomberg reports possible Aggreko IPO
20 March 2026
Bloomberg has reported that Aggreko’s private equity owners, TDR Capital and I Squared Capital, are preparing for a listing on the New York Stock Exchange
An IPO could value the UK-based power rental business at close to US$15 billion. Bloomberg said the owners were also still considering the sale of a minority stake in the business.
The two firms acquired Aggreko in 2021 for around US$3.3 billion. At that time the power firm was listed on the London stock exchange.
Bloomberg said TDR and I Squared declined to comment on its story.
Photo: Aggreko
If the owners did proceed with an IPO it would be the latest of a series of listings by major rental businesses, with Ashtead Group shifting to a New York listing as Sunbelt Rentals earlier this month and EquipmentShare’s IPO also this year.
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