TDR Capital and I Squared Capital are preparing for a potential New York listing of Aggreko Plc, a provider of temporary power solutions for events and industrial clients, at a potential value of around $15bn, according to a report by Bloomberg.
The private equity owners have reportedly invited banks to pitch for an IPO which could occur in the second half of 2026, though plans remain under discussion, and a minority stake sale is also being considered. Representatives for both TDR and I Squared reportedly declined to comment.
Aggreko, headquartered in Glasgow, rents generators, heating, and cooling equipment across sectors including energy, construction, refining, and events. Its past clients include the Glastonbury Festival and the 2018 Winter Olympics in South Korea. Demand for such services has risen as large-scale events resume following pandemic-related disruptions.
TDR and I Squared acquired Aggreko in a £2.6bn ($3.4bn) leveraged buyout in 2021.
