Opifex-Synergy Secures $1.05 Billion in New Capital, Debuts in Public Bond Markets
Opifex-Synergy, one of the largest independent equipment rental and infrastructure services providers in the United States, today announced it has secured $1.05 billion in new financing to strengthen its capital base and enhance its ability to serve customers across major infrastructure, industrial, and institutional commercial projects nationwide.
The financing package includes $550 million from the company’s debut issuance in the public bond market, as well as $500 million in asset-based lending (ABL) facilities with a $150 million accordion, both led by J.P. Morgan. Opifex-Synergy will use the capital to build upon its role as a single-source partner for complex job sites, including modernizing its fleet, broadening specialty equipment offerings, and expanding relationships with enterprise clients.
“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,” said Jay Vaughn III, CEO of Opifex-Synergy. “Now we have the freedom to think bigger, move faster, and stay focused on what matters most: our fleet, our people, and our customers.”
The new capital structure enhances Opifex-Synergy’s ability to attract top industry talent, provide reliable equipment availability, and offer responsive service and onsite support as the company grows. The company currently operates multiple branches in 12 of the top 22 metropolitan areas in the country and plans to drive growth through higher same-store sales, increased specialty rental offerings, and expansion across high-demand metropolitan markets.
“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,” said Alex Greenberg, co-head of heavy equipment services, J.P. Morgan Investment Banking. “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.”