Private equity firms TDR Capital and I Squared Capital have selected investment banks to manage a potential US initial public offering for Aggreko Plc, a major global power generator rental company. The move signals growing confidence in the energy equipment sector as demand for temporary power solutions continues to rise across industrial and emergency applications.

Aggreko, which operates in over 100 countries, provides mobile power generation, heating, and cooling equipment for events, construction sites, and disaster relief operations. The company's rental model offers flexibility to clients who need temporary energy solutions without capital investment in permanent infrastructure. A US listing could provide Aggreko with greater access to American capital markets and potentially higher valuations than available in London.

The IPO preparation comes as private equity owners look to capitalize on Aggreko's market position and the ongoing global infrastructure expansion. The energy rental sector has shown resilience despite economic uncertainties, with industrial clients maintaining demand for temporary power solutions. TDR and I Squared's decision to pursue a US listing suggests they believe American investors will value Aggreko's growth prospects and stable cash flows from long-term rental contracts.