Elysian Capital to acquire Cross Rental Services from Lonsdale Capital Partners.

Elysian Capital, an independent private equity firm, agreed to acquire Cross Rental Services, a provider of heating, ventilation and air conditioning products and rental services, from Lonsdale Capital Partners, a private equity firm. Financial terms were not disclosed. “Cross Rental Services has been through an exciting phase of growth over the last three years, particularly in the UK market, and I would like to pay tribute to Lonsdale for their support and strategic input that made that success possible. The management team are delighted to have entered into partnership with Elysian, who are an experienced investor in this sector and have demonstrated a strong commitment to our business throughout the time we have known them. We are very excited to work with them, and their investment into the business will enable us to deliver on our ambitious growth plans via accelerated capital expenditure and targeted M&A within our core markets," Graeme Nesbitt, Cross Rental Services CEO.