Deloitte Ireland lead M&A advisor to Cross Rental Services on their private equity investment from Lonsdale Capital Partners.
Deloitte has acted as lead M&A advisor to the shareholders of Cross Rental Services on their recent private equity investment from Lonsdale Capital Partners.
Deloitte Ireland’s M&A team are delighted to have advised the shareholders of Cross Rental Services on their recent private equity investment from Lonsdale Capital Partners. This follows a number of successful transactions in the private equity space for this team in 2018 and is representative of the active private equity market for growth businesses in Ireland.
Cross Rental Services was established in 2006 and has become one of Ireland’s leading providers of temperature control and Equipment as a Service rental equipment. The business is forecast to generate c.€12 million of revenue to the year ending Dec. 2018, with strong growth over the past number of years. With Lonsdale’s support, CRS will focus on continuing this recent growth, consolidating its position in the Irish market, alongside a significant focus on the UK.
Deloitte provided lead advisory and tax advisory services (led by David Shanahan) to Cross Rental Services to support the transaction.
Anya Cummins lead advisory Partner commented:
“We are delighted close out the year concluding this transaction and to have supported the CRS shareholders and management team on this journey. This transaction represents a fantastic opportunity for all involved, with a great partnership between the shareholders, management and Lonsdale. This was a great opportunity for multiple teams within Deloitte to work together to deliver for our clients. It was a real pleasure to work with the Cross Rental Services team and we would like to wish them and Lonsdale every success on the next phase of their journey.”
Visit our webpage for further information on our M&A services.
"I cannot speak highly enough of the entire Deloitte Financial Advisory Team. They have a strength and depth that allowed us to move seamlessly through the various stages of the process. From initial meeting, right through to completion, the professionalism and attention to detail were exemplary."
Ken Keating - Executive Chairman, Cross Rental Services Group