The construction equipment rental service raised $15m in an Itochu-led round that will finance strategic merger and acquisition deals.
Diversified trading group Itochu led a $15m funding round for US-based construction equipment marketplace BigRentz yesterday, participating alongside undisclosed private investors.
BigRentz operates an online rental marketplace for construction machinery like lifts and earth-moving machinery in addition to equipment such as light towers, dumpsters and storage units. It serves roughly 2,500 partners across 8,500 rental yards.
The cash will support the company’s acquisition of site services provider Equipment Management Group for an undisclosed amount, as well as a merger with…
