Baird Capital has sold Watkins Hire to Carrier Rental Systems
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is delighted to have represented the shareholders of Watkins Hire Limited (“Watkins” or the “Company”) in its transaction with Carrier Rental Systems (U.K.) Limited (“Carrier Rental”).
Founded in 1998, Watkins is a provider of industrial and commercial heating and cooling equipment rental services. Watkins supplies heaters, steam and water boilers, fuel tanks, dehumidifiers, air handlers, air conditioning and chillers to a wide variety of blue chip clients. The company also has a dedicated events division, providing equipment rental at special prestigious U.K. and international major events, including the 2012 London Olympics. Headquartered in Lydney, Watkins has four depots dedicated to serving its customers across the U.K.
James Benfield, Partner for Baird Capital, commented, “We are delighted with the exit of Watkins Hire. The Lincoln team had a fundamental understanding of Watkins’ market and the Company’s value proposition. They found an excellent partner to help grow the Company and take it to the next stage of its development.”
Lincoln acted as the exclusive sell-side advisor to Baird Capital, working closely with the management team and shareholders throughout the sale process to provide advisory expertise and manage the due diligence and negotiation phases of the transaction.
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