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EquipmentShare invests $46 million in new industrial and upfitting center

By Brock Huffstutler

December 3, 2023

EquipmentShare, Columbia, Mo., an integrated equipment rental and equipment asset management company, has opened a new industrial and upfitting center in Moberly, Mo. The company said it is investing more than $46 million in the facility and expects to create 151 new jobs over the next four years.

“We’re excited to see a Missouri-made innovator like EquipmentShare expanding, investing and creating jobs in our state,” said Missouri Gov. Mike Parson. “This company’s rapid growth is further proof that Missouri has what it takes to support leading and high-tech employers. We look forward to the positive impact that EquipmentShare will provide in Moberly and beyond as it continues to benefit from our state’s strategic location, low costs and skilled workforce.”

EquipmentShare’s new industrial and upfitting center in Moberly will house industrial and technology operations including telematics installations, equipment refurbishment and the manufacturing of attachments for equipment. The company said its new 174,000-sq.-ft. facility will allow it to expand its research and development program, which includes assembly and telematics installation, as well as launch its tool and material refurbishment program.

“With these new operations, we are truly maximizing the longevity of equipment in every way, changing the construction game,” said Jabbok Schlacks, CEO and co-founder of EquipmentShare. “Our technology is able to monitor machine health and maintain equipment at peak performance – and our specialized technicians and mechanics can refurbish dated equipment, ensuring those machines return to jobsites faster.”

EquipmentShare develops technology that helps contractors from coast to coast build smarter, the company said, adding that in addition to providing customers with an equipment rental marketplace, it offers a suite of solutions that includes a fleet management platform and telematics devices.

“EquipmentShare’s ongoing growth is an incredible Missouri success story that we’re proud to support,” said Michelle Hataway, acting director of the state’s Department of Economic Development. “This innovative company’s new facility in Moberly, now its seventh statewide, is creating even more opportunities for Missourians to prosper. We’re grateful for all our partners who supported this project as EquipmentShare continues to thrive right here in Missouri.”

For this expansion, EquipmentShare said it will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.