M&A Deal Summary

Cross Rental Services Acquires Swegon Hire UK

On November 15, 2019, Cross Rental Services acquired business services company Swegon Hire UK from Swegon AB

Acquisition Highlights
  • This is Cross Rental Services’ 1st transaction in the Business Services sector.
  • This is Cross Rental Services’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-11-15
Target Swegon Hire UK
Sector Business Services
Buyer(s) Cross Rental Services
Sellers(s) Swegon AB
Deal Type Divestiture

Target

Swegon Hire UK

Shropshire, United Kingdom
Swegon Hire UK is a hiring company with a 30-year heritage in the UK HVAC industry. The business is well known for supplying temporary cooling and heating solutions, particularly servicing the manufacturing, food & beverage and defense industries. Swegon Hire is based in Shropshire, United Kingdom.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Cross Rental Services

Andover, United Kingdom

Category Company
Sector Business Services
DESCRIPTION

Cross Rental Services 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 specialization in technically complex products which are used for high-criticality applications. Cross Rental Services is based in Andover, United Kingdom.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 2
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 All Seasons Hire

Hampshire, United Kingdom

All Seasons Hire is an HVAC rental companies, focussed on delivering specialist heating and cooling solutions to a blue-chip customer base including FM’s, manufacturing, logistics, local government, and M&E contractors. All Seasons Hire was established in 2006 and is based in Hampshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

Swegon AB

Kvanum, Sweden

Category Company
Founded 1961
Sector Distribution
DESCRIPTION

Swegon AB is a distributor of indoor climate systems and products.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 BluMartin

Wessling, Germany

BluMartin GmbH is a manufacturer of decentralized residential air handling units with A+ Ecodesign Energy Class and Passivhaus certification.

Buy -