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Cross Rental Services

Cross Rental Services

August 2021
UK & Ireland, £100m - £500m

Liberty advises the management team of Cross Rental Services on the investment by Elysian Capital

Cross Rental Services is headquartered in Dublin and provides specialist, mission critical cooling and heating equipment and services on a rental basis to a variety of end markets across both Ireland and the UK.

The business comprises two divisions: Refrigeration & Catering Solutions (‘R&CS’) and Climate Control Solutions (‘CCS’). The R&CS division provides a fully managed turn-key service for a range of commercial refrigeration and catering assets, with a market leading position for long-term retail refrigeration rental in the UK and Ireland. The CCS division provides a large base of blue-chip customers with heating and cooling solutions, focusing primarily on chillers, boilers, heaters, and air-conditioning, with a specialisation in technically complex products which are used for high-criticality applications.

Led by CEO Graeme Nesbitt, the business has grown strongly in recent years, including throughout the pandemic, and has established a significant UK platform for growth in both divisions. Cross Rental Services is now embarking on a new expansion phase, supported by Elysian Capital, with ambitious plans to accelerate its market penetration across all divisions, and in particular to unlock a number of exciting opportunities and build further scale within the UK market; both organically and through selective M&A opportunities.

I would like to thank Dan and the Liberty team for their important role in achieving a great outcome for all stakeholders. Liberty quickly understood the brief, identified the key areas of importance and proactively negotiated on all relevant points. They also helped extensively in communicating key aspects of the deal and ensuring no stone was left unturned for all members of the management team.

Graeme Nesbitt
CEO of Cross Rental Services

Liberty is pleased to announced that’s it has advised the management team of Cross Rental Services on the acquisition and investment in Cross Rental Services from Elysian Capital.

It’s been a pleasure working with Graeme and the rest of the management team at CRS. This is a great opportunity for the team to continue to grow the business and deliver on their strategic objectives with the support of Elysian Capital

Dan Martinez
+44 (0) 7398 212 298