Aggreko Inc., a Glasgow-based provider of engineered energy and temperature control solutions, has filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering on the New York Stock Exchange.
The company, which rents heavy-duty equipment including diesel and gas generators, HVAC systems and battery storage units to industrial clients and major international events, did not disclose the number of shares or price range in its filing. Shares will trade under the ticker symbol AGKO.
For the fiscal year ended March 31, 2025, Aggreko reported net revenue of $3.4 billion, a 20% increase from the prior year. Adjusted EBITDA rose to $1.3 billion, representing a 37% margin. The company recorded a net loss of $113 million, while net interest expense totaled $647 million, including $249 million in unfavorable foreign exchange impacts.
Goldman Sachs & Co. LLC and J.P. Morgan are serving as joint lead underwriters for the offering. The underwriting syndicate includes BofA Securities, Barclays, Morgan Stanley, Jefferies, Deutsche Bank Securities, UBS Investment Bank, Baird, Santander, Wolfe | Nomura Alliance and Tigress Financial Partners.
