Company overview: Headquartered in Andover, with operations across the UK and Ireland, Cross Rental Services (‘CRS’) is a market leading provider of Refrigeration & Catering and Climate Control rental equipment. They serve blue-chip customers across a diverse range of end markets, including retail, manufacturing, and facilities management.
Our initial investment: CRS was sold to Elysian Capital in August 2021, and has made significant progress since then, including the acquisition of All Seasons Hire from HSS PLC, completed in September 2021. The acquisition creates one of the market leading Climate Control rental providers in the UK alongside the already strong position held in the UK Refrigeration & Catering rental space. Literacy Capital are investing alongside the pre-existing majority shareholder, Elysian Capital, as well as other co-investors, including Lonsdale Capital Partners and Nord Holding.
Building value: We recognise the significant growth opportunities, both organic and inorganic, available to the business in the coming years and are delighted to be embarking on the journey with CRS.
Website link: www.crossrental.co.uk
Completion: November 2021