TSL Express Daily News

HOUSTON--(BUSINESS WIRE)--Opifex-Synergy, one of the largest independent equipment rental and infrastructure services providers in the United States, today announced it has secured $1.05 billion in new financing to strengthen its capital base and enhance its ability to serve customers across major infrastructure, industrial, and institutional commercial projects nationwide.

The financing package includes $550 million from the company’s debut issuance in the public bond market, as well as $500 million in asset-based lending (ABL) facilities with a $150 million accordion, both led by J.P. Morgan. Opifex-Synergy will use the capital to build upon its role as a single-source partner for complex job sites—including modernizing its fleet, broadening specialty equipment offerings, and expanding relationships with enterprise clients.

“We’ve built this company by staying close to our customers and never cutting corners, and this milestone underscores the market’s confidence in what we’re doing,” said Jay Vaughn III, CEO of Opifex-Synergy. “Now we have the freedom to think bigger, move faster, and stay focused on what matters most: our fleet, our people, and our customers.”

The new capital structure enhances Opifex-Synergy’s ability to attract top industry talent, provide reliable equipment availability, and offer responsive service and on-site support as the company grows. The company currently operates multiple branches across 12 of the top 22 metropolitan areas in the country and plans to drive growth through higher same-store sales, increased specialty rental offerings, and expansion across high-demand metropolitan markets.

“We are proud to play a role in Opifex-Synergy’s continued growth journey as it seeks to deliver streamlined solutions for clients across a fragmented sector,” said Alex Greenberg, co-head of Heavy Equipment Services, J.P. Morgan Investment Banking. “We saw robust demand from investors, driving an orderbook that was multiple times oversubscribed, and look forward to seeing how the team will execute as new infrastructure and industrial projects come online across the country.”

About Opifex-Synergy
Formed through the merger of Opifex LLC and Synergy Equipment, Opifex-Synergy is one of the largest independent equipment rental and infrastructure services providers in the United States. With more than 34 locations nationwide, the company serves infrastructure, industrial, institutional, and commercial sectors through a modern fleet that includes aerial, earthmoving, trench safety, pumps, compaction, material handling, and specialty equipment.
The company continues to be supported by its investors, including Avance Investment Management, Mas Group, and BlackRock’s managed funds and accounts. Opifex-Synergy is committed to operational excellence, local responsiveness, and long-term growth. For more information, please visit www.synergyequip.com.

About Avance Investment Management
Avance is a private equity firm with a passion for building great businesses in partnership with talented founders and management teams. Avance focuses primarily on thematic investments within the Services, Technology and Consumer areas in the U.S., seeking attractive opportunities with catalysts for growth and fragmented spaces with consolidation opportunities. Avance’s team has a long history of partnering with founder-owned businesses, industry executives, and management teams and aims to add value to each investment through the application of its STAGE™ value creation framework. Avance has offices in New York and Miami. For more information, please visit www.avanceinv.com.

About The Mas Group
The Mas Group is a strategic single-family office focused on building and supporting the essential assets, services, and technologies that power modern infrastructure and healthcare. Our mission is to back strong teams and innovative businesses with the capital, insight, and operational expertise needed to grow and compete at scale. We work hands-on with portfolio companies, drawing on experience in organizational design, planning, and business development to accelerate growth and support leadership through key inflection points. In addition to investment, we provide targeted advisory services for companies seeking to sharpen performance and elevate strategy. Collaborative partnership, disciplined execution, and long-term value creation are the hallmarks of The Mas Group’s approach.

Contacts

MEDIA
Amanda Coyle, Resilere Partners
acoyle@resilere.com