EquipmentShare, a leading provider of construction technology solutions for contractors and OEMs, announced the opening of its Houston and San Antonio marketplace locations. Contractors in these cities are now be able to rent equipment from other contractors at significantly lower rates than traditional rental companies or lend their idle assets for additional revenue and increase ROI across their fleet.

“We built EquipmentShare to give contractors a better way find the equipment they need and manage the equipment they own,” said Willy Schlacks, president of EquipmentShare. “Powered by our proprietary telematics solution ES Track, our marketplaces not only help contractors operate more efficiently but give them unprecedented visibility into how their equipment is being used.”

The EquipmentShare marketplace is a secure platform where contractors and owners of heavy equipment assets can rent from or lend assets to other contractors. EquipmentShare inspects and rates machinery before it’s listed in the marketplace. Additionally, every machine on the EquipmentShare platform is equipped with ES Track telematics to enable both equipment renters and lenders to see exactly how equipment is being used.

“After seeing great traction with our other marketplace locations, we’re excited to bring EquipmentShare to Houston and San Antonio,” said Schlacks.

With the Houston and San Antonio locations, EquipmentShare is available in six U.S. cities and has plans to continue its expansion in the South and Midwest over the course of the year.