Moberly, Mo. — EquipmentShare, an integrated equipment rental and equipment asset management company, celebrated today the grand opening of its new industrial and upfitting center in Moberly. The company is investing $46 million and will create 151 new jobs over the next four years.
“We’re excited to see a Missouri-made innovator like EquipmentShare expanding, investing, and creating jobs in our state,” said Governor Mike Parson. “This company’s rapid growth is further proof that Missouri has what it takes to support leading and high-tech employers. We look forward to the positive impact that EquipmentShare will provide in Moberly and beyond as it continues to benefit from our state’s strategic location, low costs, and skilled workforce.”
EquipmentShare’s new industrial and upfitting center in Moberly will house industrial and technology operations including telematics installations, equipment refurbishment, and the manufacturing of attachments for equipment. The new 174,000-square-foot facility will allow the company to expand its research and development program, which includes assembly and telematics installation, as well as launch its tool and material refurbishment program.
“With these new operations, we are truly maximizing the longevity of equipment in every way, changing the construction game,” said Jabbok Schlacks, CEO and co-founder of EquipmentShare. “Our technology is able to monitor machine health and maintain equipment at peak performance – and our specialized technicians and mechanics can refurbish dated equipment, ensuring those machines return to jobsites faster.”
EquipmentShare develops cutting-edge technology that helps contractors from coast to coast build smarter. In addition to providing customers with a best-in-class equipment rental marketplace, the company offers a comprehensive suite of solutions that includes a fleet management platform and telematics devices.
“EquipmentShare’s ongoing growth is an incredible Missouri success story that we’re proud to support,” said Michelle Hataway, Acting Director of the Department of Economic Development. “This innovative company’s new facility in Moberly, now its seventh statewide, is creating even more opportunities for Missourians to prosper. We’re grateful for all our partners who supported this project as EquipmentShare continues to thrive right here in Missouri.”
For this expansion, EquipmentShare will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.
EquipmentShare is now hiring in Moberly for various roles, including service technicians, mechanics, production associates, and research developers. The company offers unique people-first focused benefits like tool reimbursement for service jobs, boot allowance, and 16 hours of time off each year to volunteer. To learn more about the open job positions at EquipmentShare’s Moberly location, visit Careers at EquipmentShare.
"We're proud that EquipmentShare is continuing to invest in Missouri," said Lt. Governor Mike Kehoe. "The company's new Moberly facility is a testament to our state's strategic approach to workforce development and commitment to supporting companies in expanding and retaining a skilled workforce."
"The City of Moberly and its residents are excited to welcome EquipmentShare to our community,” said Randy Asbury, President of the Moberly Area Economic Development Council. “We feel their investment will be a perfect fit for our workforce and the community in general. We are excited about this wonderful project announcement and look forward to working with them to not only achieve success in Moberly, but to add to their extensive investment in the coming years.”
“On behalf of the Moberly Area Economic Development Corporation (MAEDC) Board of Directors, I would like to welcome EquipmentShare to Moberly,” said Chuck McKeown, Moberly Area Economic Development Council Board Chair. “Their presence in Moberly will strengthen our area and we are proud to have them call Moberly home for this significant investment in our economy.”
EquipmentShare, founded in 2015 and headquartered in Columbia, Missouri, is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights. By empowering contractors, builders and equipment owners with its proprietary technology, T3, EquipmentShare aims to drive productivity, efficiency and collaboration across the construction sector. With more than 195 locations nationwide, the company is changing the construction game. EquipmentShare now has operations in seven Missouri cities including Columbia, St. Louis, Kansas City, Joplin, Springfield, Cape Girardeau and now Moberly.
Learn more about EquipmentShare.
The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri’s businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.
For the latest updates on DED’s current or future programs and initiatives, visit DED’s website.
As the state’s number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.