AAggreko provides temporary power, temperature control, and energy services by renting equipment and offering tailored solutions for electricity, heating, and cooling. Its fleet includes gas and diesel generators, industrial chillers, cooling towers, and air conditioning units, supported by energy storage and other services. The company operates globally with 180 locations to serve events, construction, manufacturing, and other industries, delivering equipment and services needed during planned shutdowns, emergencies, or one-off events. Compared with competitors, Aggreko combines a wide, globally distributed rental fleet with bundled energy services and storage options to offer turnkey, customized solutions at scale. Its goal is to ensure reliable, flexible, and efficient temporary power and climate control for clients around the world.
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Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Glasgow, United Kingdom
Founded
1962
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Total Funding
$892.3M
Above
Industry Average
Funded Over
2 Rounds
Aggreko has added three models to its Battery Energy Storage System (BESS) fleet: a 120kW/120kWh small unit and two trailer-mounted 1MW units with 1.2MWh and 1.3MWh capacity. The Houston-based announcement came on November 4, 2026. The company says the units suit fast-growing sectors such as data centres. They can work with diesel, gas, and renewables to ease site capacity limits or stand in for delayed grid connections. The 120kW unit is built for low noise and can support large motor starts, such as tower cranes. The 1MW units are containerised and mobile, with zero CO2 emissions. The new models join a fleet ranging from 24kW to 1,000kW. Paired with generators, the batteries carry the load so generators run only when needed, cutting fuel use and maintenance.
Aggreko's private equity owners are raising $1.15 billion through an add-on to its term loan B due in May 2031. The funds will pay down $395 million of its revolving credit facility, add $205 million in cash, and fund a $550 million dividend payment. The transaction, expected to complete today, is projected to generate $120 million in EBITDA based on $600 million invested for growth capital expenditure in 2026. The dividend reflects strong business performance, with revenues of $3,194 million and adjusted EBITDA of $1,218 million in the 12 months to September 2025. Aggreko's owners said increased investment in fleet and capabilities underpins organic growth, whilst mergers and acquisitions have become a proven growth pillar. Recent acquisitions are performing well with a healthy pipeline of future opportunities.
DLA Piper has advised Aggreko Limited on the acquisition of Krill Generadores, a company specialising in the rental of generator sets
Wenger Vieli advised the shareholders of Mobile in Time in its sale to Aggreko, a global temporary power solutions provider. Mobile in Time specializes in mobile energy centers and water damage restoration across 16 locations. The Wenger Vieli team was led by partner Beat Speck, with contributions from partners Claudia Keller, senior associates Michèle Joho-Menotti and Nathalie Germann, associates Mark Stocker, Fabienne Nufer, Dario Schönbächler, and junior lawyers Michelle Blattmann and Samuel Pils.
Cravath represented the initial purchasers in connection with the $1.4 billion and €850 million Rule 144A/Reg. S high yield senior secured notes offering of Albion Financing 1 S.à r.l and Aggreko…
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Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Glasgow, United Kingdom
Founded
1962
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs