Aggreko, a London-based provider of temporary power and temperature control solutions, has announced its intention to pursue a U.S. stock market listing. This strategic move aims to strengthen the company's global presence and improve its financial flexibility, according to an August 23, 2026, statement. The company, which has over 60 years of operation and a presence in over 100 countries, specializes in delivering temporary power for various sectors, including oil and gas, mining, and major events like the Olympics and FIFA World Cup. This listing is expected to boost its financial resources, allowing for further investment in technology and market expansion, especially as it adapts to global energy sector transformations by investing in hybrid power solutions.
Financial analysts anticipate the U.S. market will be a lucrative opportunity for Aggreko, citing the country's vast energy demands and ongoing infrastructure projects. The listing is expected to attract significant investor interest, potentially increasing the company's valuation. Aggreko has demonstrated steady growth in revenue and profitability recently, driven by strong demand in emerging markets and strategic acquisitions, positioning it well for its U.S. market entry.
Adding to these developments, TDR Capital and I Squared Capital, Aggreko's private equity owners, have reportedly selected banks for the U.S. IPO. Goldman Sachs Group Inc., JPMorgan Chase & Co., and Bank of America Corp. are said to be working on the share sale. This initial public offering could occur as early as the second half of 2026 and potentially value Aggreko at approximately $15 billion. The private equity owners had previously sought pitches from banks in March 2026 for a potential IPO or a minority stake sale.
