A-Rent Test Equipment

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A-Rent Test Equipment - overview

Established

2019

Location

Burr Ridge, IL, US

Primary Industry

Business Support Services

About

A-Rent Test Equipment specializes in the rental and calibration of electrical test equipment, delivering essential solutions tailored for the electrical testing sector. A-Rent Test Equipment offers rental and calibration services for electrical test equipment. Founded in 2019 in Burr Ridge, US, the company has engaged in one deal, receiving an investment from Sterling Partners in December 2019. CEO Paul Seppanen leads the company in its operations, which are focused primarily within the United States.


A-Rent Test Equipment specializes in the rental and calibration of electrical test equipment, providing a comprehensive range of solutions for the electrical testing industry. Their core offerings include high voltage circuit breaker test sets, insulation resistance testers, load banks, and calibration services that ensure accuracy and reliability for their clients’ equipment. A-Rent serves a diverse clientele including engineering firms, utility companies, and contractors primarily in the clean energy, electrical maintenance, and infrastructure sectors. The company operates in various geographical markets, notably the United States, with a focus on regions such as the Southwest, Midwest, and Northeast.


Their calibration services are NIST-traceable, ensuring compliance with industry standards and enhancing customer confidence in the accuracy of their testing results. A-Rent generates revenue through a business model centered on equipment rentals and calibration services, primarily targeting B2B transactions. Clients typically enter into rental agreements for their test equipment, which includes flagship products such as the Avtron 2805 load bank and various calibration services for high voltage testing equipment. Revenue is structured around rental fees for equipment, which may be billed on a daily or project basis, and charges for calibration services that often include a standard turnaround time of three days.


The company also provides additional services such as on-site calibration and logistics support, further enhancing their value proposition to clients. This transactional framework allows A-Rent to build long-term partnerships with clients who require ongoing support for their testing needs. A-Rent Test Equipment's growth strategy includes the potential development of new products aimed at enhancing their service offerings, although specific details on upcoming releases have not been disclosed. The company is focused on expanding its presence in the clean energy and infrastructure sectors, particularly in the Southwest and Northeast regions of the United States, by the end of 2023.


The investment from Sterling Partners in December 2019 is intended to support these initiatives and further enhance the company’s operational capabilities.


Current Investors

Sterling Partners

Primary Industry

Business Support Services

Sub Industries

Equipment Rental & Leasing, Logistics Software

Website

www.a-rent.com

Verticals

Cloud Computing

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

A-Rent Test Equipment - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedA-Rent Test Equipment-

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