Garic Incorporated
Garic Incorporated is a privately held, privately funded equipment leasing company founded in 2000, headquartered in New York, and self-described as one of the largest in its sector, serving equipment lessees with a small 11-50 person team.
- Company typePrivate
- Founded2000
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Garic Incorporated does
Garic Incorporated is a privately held equipment leasing company headquartered in New York, United States. Founded in 2000, the firm describes itself as one of the largest privately held and privately funded companies in the equipment leasing sector, operating for over two decades without public capital markets involvement. The company maintains a small headcount of 11-50 employees and is led by co-founder and president Tracy Ricard, supported by vice president Norman Gaffney and director of operations Jennifer E. Koltun.
The firm's business is the leasing of equipment to customers, a capital-intensive activity that typically generates revenue through periodic rental payments, residual-value realization on returned assets, and ancillary services such as maintenance and logistics. Garic is privately funded, implying balance-sheet financing of its lease portfolio through retained earnings, debt facilities, or owner capital rather than equity capital markets. The company has maintained a stable founder-led leadership structure across its operating history, with no disclosed subsidiaries, parent company, or public-company status.
The available source material does not disclose Garic's equipment categories, customer segments, geographic footprint, pricing model, fleet size, or financial performance. The corporate website returned only a verification/loading page, and no press, filings, or third-party coverage were provided. As a result, segment positioning, competitive standing within equipment leasing, and revenue mechanics beyond the basic leasing model cannot be determined from the input data.
Garic Incorporated firmographics
Firmographics- Name
- Garic Incorporated
- Website
- https://garicinc.com
- Company type
- Private
- Founded year
- 2000
- Headcount range
- 11–50 employees
- Short description
- Garic Incorporated is a privately held, privately funded equipment leasing company founded in 2000, headquartered in New York, and self-described as one of the largest in its sector, serving equipment lessees with a small 11-50 person team.
- Ownership category
- akta.pro rank
Garic Incorporated industry classification
Industry- Product category
- Equipment Leasing Services
- NAICS
- Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)
- SIC
- Services-Equipment Rental & Leasing, Nec (7359)
- akta.pro primary industry
- Equipment & Tool Leasing (Consumer) (FSAKANAF)
- akta.pro secondary industry
- Industrial Power & Energy Equipment Rental/Leasing (Generators, Light Towers, Compressors) (TLABAFAG)
Keywords
Where Garic Incorporated is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Garic Incorporated business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales
Garic Incorporated product offering
Product offeringCore offering
Garic Incorporated is one of the largest privately held and privately funded equipment leasing companies. The firm leases equipment to business customers, operating from New York with a workforce of 11-50 employees and having been founded in 2000.
Differentiator
Problem solved
Functional benefit
Products and services
- Equipment Leasing Equipment leasing services offered to business customers, positioning the firm as one of the largest privately held and privately funded leasing providers in the United States.
Companies that use Garic Incorporated
Customer profileIdeal customer profiles1 record
Garic Incorporated technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Garic Incorporated partnerships and signals
Strategic signalRecent moves2 records
Expansion highlights1 record
Garic Incorporated competitors and assessment
Company assessmentBroad incumbents
- Herc Holdings: Herc Holdings is a publicly traded full-line equipment rental supplier serving industrial, infrastructure, and commercial customers in North America. Comparable as a general equipment leasing operator with overlapping fleet categories and customer segments, though materially larger and more geographically diversified than Garic.
- United Rentals: United Rentals is the largest equipment rental company in North America, offering aerial work platforms, earthmoving, power, and specialty equipment across general and specialty rental segments. It is comparable as the dominant scaled incumbent in the same broad equipment leasing category Garic operates in, against which Garic must differentiate on niche, geography, or service intensity.
- H&E Equipment Services: H&E Equipment Services is a publicly traded integrated equipment rental, sales, and service provider serving industrial, commercial, and infrastructure customers across the United States. Comparable as a general equipment lessor with overlapping customer profiles in construction and industrial markets, though operating at materially greater scale than Garic.
- Sunbelt Rentals (Ashtead Group): Sunbelt Rentals is the second-largest equipment rental company in North America and a subsidiary of UK-listed Ashtead Group, offering general and specialty equipment across construction, industrial, and climate-control segments. It is comparable as a broad equipment leasing incumbent that competes with Garic for the same general categories of customer demand, particularly in construction and infrastructure.
Direct peers
- McGrath RentCorp: McGrath RentCorp is a publicly traded provider of modular buildings, portable storage, and electronic test equipment, structured as a long-term operating lessor. Comparable as an asset-light leasing specialist using long-duration rental contracts and recurring revenue, with similar exposure to commercial and industrial end markets as Garic.
- Ahern Rentals: Ahern Rentals is a privately held, family-owned equipment rental company operating a large fleet of aerial, earthmoving, and material handling equipment across the western and central United States. It is the closest structural peer to Garic: privately held, multi-generational, founder/family-controlled, and focused on general equipment leasing without public-market reporting pressure.
- Aggreko: Aggreko is a global provider of temporary power, temperature control, and energy storage rental solutions to industrial, utility, and event customers. Comparable as a specialty equipment leasing operator with a contract-based model serving similar industrial customer profiles, particularly around power and critical equipment categories that may overlap with Garic's offering.
- WillScot: WillScot is a specialty lessor of mobile offices, modular space, and climate-controlled storage solutions, primarily to construction, commercial, and industrial customers. Comparable as a focused equipment/asset lessor with a contract-based, recurring revenue model similar to equipment leasing, though concentrated in mobile space rather than general heavy equipment.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
Garic Incorporated social profiles
Digital presenceGaric Incorporated financial estimates
Financial estimateRevenue estimate
Valuation estimate
Garic Incorporated leadership team
Management profileNumber of profiles
Profiles3 records
Garic Incorporated funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Garic Incorporated M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Garic Incorporated
What does Garic Incorporated do?
Garic Incorporated is one of the largest privately held and privately funded equipment leasing companies. The firm leases equipment to business customers, operating from New York with a workforce of 11-50 employees and having been founded in 2000.
When was Garic Incorporated founded?
Garic Incorporated was founded in 2000. It employs 11 to 50 people.
Where is Garic Incorporated based?
Garic Incorporated is headquartered in New York, United States, in the North America region.
Who are Garic Incorporated's main competitors?
Broad incumbents on record are Herc Holdings, United Rentals, H&E Equipment Services and Sunbelt Rentals (Ashtead Group). Direct peers are McGrath RentCorp, Ahern Rentals, Aggreko and WillScot.
Does Garic Incorporated have an API?
No public API is recorded for Garic Incorporated.
What industry is Garic Incorporated in?
Garic Incorporated's product category is Equipment Leasing Services. Its primary akta.pro industry code is FSAKANAF, Equipment & Tool Leasing (Consumer), with a secondary code of TLABAFAG, Industrial Power & Energy Equipment Rental/Leasing (Generators, Light Towers, Compressors). Its NAICS code is 5324 and its SIC code is 7359.