Intellirent Secures Growth with Sandbrook Capital Acquisition

Deal News | Feb 19, 2025 | Sandbrook Capital

Intellirent Secures Growth with Sandbrook Capital Acquisition

Sandbrook Capital, a private investment firm, has signed an agreement to acquire Intellirent, a leading provider of power and electrical testing equipment rentals in North America, from Electro Rent Corporation. This acquisition aligns with Sandbrook's strategy of partnering with market leaders to facilitate growth and modernize the electric grid. Intellirent, under the leadership of President and CEO Neil McCaw, is set to enhance its equipment and service capabilities to meet growing demand driven by infrastructure developments and energy transitions. The acquisition will also enable Intellirent to maintain the safety and reliability of the electric grid. Electro Rent, which owned Intellirent since 2018, believes that Sandbrook will support Intellirent's growth effectively.

Sectors

  • Private Equity
  • Power and Infrastructure
  • Electrical Equipment Rental

Geography

  • North America – Intellirent operates as a leading provider in the North American market, which directly impacts the local electrical infrastructure sector.

Industry

  • Private Equity – Sandbrook Capital's acquisition of Intellirent exemplifies strategic investment activities typical within the Private Equity sector.
  • Power and Infrastructure – The article involves Intellirent, a leading provider of testing equipment solutions for power and infrastructure markets, indicating relevance to this industry.
  • Electrical Equipment Rental – Intellirent specializes in renting electrical testing equipment, underscoring its role in the Electrical Equipment Rental industry.

Financials

    Participants

    NameRoleTypeDescription
    Sandbrook CapitalAcquirerCompanyA private investment firm focused on transforming energy infrastructure.
    IntellirentTarget CompanyCompanyA provider of power and electrical testing equipment rentals in North America.
    Electro Rent CorporationSellerCompanyCompany selling Intellirent, previously owned it since 2018.
    Neil McCawPresident and CEOPersonLong-time President and CEO of Intellirent, leading the company through its next phase with Sandbrook.
    Jen HannersManaging DirectorPersonManaging Director at Sandbrook Capital, commenting on the strategic acquisition.
    Michael ClarkCEOPersonCEO at Electro Rent, confident in Intellirent's future under Sandbrook.
    Harris WilliamsFinancial AdvisorCompanyServed as exclusive financial advisor to Electro Rent on the transaction.