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Sunday, October 2, 2022
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Opifex Secures Financing to Expand Services in Texas

Business

Rental equipment Offered by Opifex | Image by Opifex website

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Texas-based Opifex Enterprises received a $65 million investment from GP Capital Partners, according to a recent press release from the firm.

“We are excited to partner with the Opifex team,” said Gina Luna, managing partner of GP Capital. “The tremendous growth and success over the last three years are evidence of their ability to execute.”

Founded in 2018, Opifex is an independent provider of construction rental equipment and one of the fastest-growing companies across its sector. The company provides equipment and supplies to markets across industrial, infrastructure, sports, and commercial construction.

“This growth capital enhances our ability to sustain our commitment to quality and service,” said Connor Navalta, chief operating officer of Opifex. “Our employees are the key to our success, and our strengthened financial position allows us to continue to be an employer of choice.”

Opifex CEO Stefan Gresham says the company is grateful for the support it has received from GP Capital Partners and hopes to serve as an example for all entrepreneurs looking for a place in the construction industry.

By financing Opifex’s future growth, GP Capital Partners has positioned the company to double its rental fleet of over 1,500 machines and expand its footprint into new Texas markets.

Navalta believes utilizing more service and delivery trucks will ensure responsiveness.

Outstanding service to clients is vital for the ambitious and energetic management team leading the company, said Luna

Other financing partners for Opifex include CNH Industrial Capital, John Deere Financial, DLL, and The Huntington National Bank.

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