Supporting High-Growth Expansion with Smarter Equipment Purchase

A rapidly growing mine services operator in regional Queensland has expanded from ancillary support into full-scale production and site services, now employing over 200 staff. With contracts spanning everything from fleet logistics to cleaning and heavy machinery work, the business has experienced double-digit growth year-on-year.

Traditionally reliant on renting equipment, the business was referred to Iron Capital via a trusted broker. With rental costs mounting and no long-term equity in those assets, the business was seeking a smarter, more scalable way to support its operational expansion.

The Challenge

Despite strong revenue and growth, the business faced several key issues:

• Outgrowing its credit facility: The company's existing bank facility wasn’t structured to support the pace of expansion.
• Rising rental costs: Equipment was rented across multiple sites and platforms with no return on investment.
• Time-poor leadership: The founder was constantly on the move, making traditional finance coordination difficult.

The business knew it needed to shift from pure rental to asset ownership - but lacked a practical pathway forward. That’s where Iron Capital stepped in.

The Solution

Iron Capital structured a tailored 12-month Rent-to-Own (RPO) agreement for a $200,000 New telescopic handler, supporting the client's growing equipment needs across several job sites.

Key aspects of the solution included:

1. High-equity structure: The RPO was structured to give the client approximately 50% equity by the end of term.
2. Flexible pathway to ownership: The client has the option to roll into a 24-month extension or acquire outright, depending on funding strategy.
3. Broker coordination: The broker relationship was respected throughout, with Iron Capital keeping them updated while taking the operational lead.

The deal reinforced the client's confidence in RPO as a smarter alternative to ongoing rental and allowed them to retain greater control over their growing fleet.

The outcome for the Customer

• $200,000 in funded equipment secured under a high-equity RPO model.
• Rental savings achieved, with the client now owning the upside of asset control.
• Expanded working relationship, with further deals now under discussion.
• Broker retention, with opportunities to refinance or restructure future assets as the business stabilises its debt facility.

Key Takeaway

“They were kicking themselves they hadn’t used RPO earlier. Once they realised how much rental spend was going out the door with no equity coming back, this became a no-brainer.”  

— Iron Capital BDM

The client is already looking to migrate other externally funded assets into Iron Capital’s structure as they reach end-of-term. And while the business is actively working toward a larger overdraft facility with a major bank, Iron Capital has been the right fit during a high-growth transition period.

Even large operators can outgrow their financing frameworks. This case shows how Iron Capital can complement broker and banking relationships while providing fast, flexible, and scalable asset finance in fast-moving sectors like mining services.

We don’t just fund equipment - we support growth.