Bregal Sagemount takes majority stake in A-Rent Test Equipment

Bregal Sagemount has made a majority growth investment in A-Rent Test Equipment, LLC, a provider of electrical test equipment rentals, calibration and asset management services. The partnership is intended to support expansion of A-Rent's equipment fleet, geographic footprint, and service and technology capabilities.

A-Rent was founded in 2019 by Paul Seppanen with backing from Sterling Partners. It operates four distribution facilities nationwide, with a fifth planned in Hillsboro, Oregon, in late 2026, and serves more than 1,000 active customers across utility, data center, industrial, oil and gas, and renewable energy markets. It has also built a presence in mission critical data center testing through liquid cooled load banks.

The investment will fund additional test equipment, new distribution locations, expansion of the load bank offering, and upgrades to commercial and technology infrastructure. Lincoln International acted as exclusive financial adviser to A-Rent. Goodwin Procter LLP and Kirkland & Ellis LLP advised Sagemount.