Deal speculation

Listing talk around private equity sale of Aggreko

Aggreko
Aggreko provides mobile power generation at events

Temporary power company Aggreko could be re-listed under options being explored by its private equity owners.

TDR Capital and I Squared Capital may list the company in the United States later this year or sell a minority stake.

A deal could value the Dumbarton-based business at between $10 billion and $12bn, according to the FT, and Goldman Sachs and JP Morgan have been retained as advisers.

The latest speculation around selling the business follows similar talk reported in 2024.

Aggreko, whose chief executives have included Rupert Soames, was divested from haulage giant Christian Salvesen in 1997 and listed in London before being bought by the private equity firms for about £2.3bn in 2021.

It is is the world’s largest temporary power company with more than 17 gigawatts and employs approximately 8,000 workers across a network of 275 locations in more than 80 countries

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