Equistone completed the acquisition of Nexus Vehicle Rental from Phoenix Equity Partners.

Equistone, a mid-market private equity firm, completed the acquisition of Nexus Vehicle Rental, a B2B vehicle rental aggregator platform, from Phoenix Equity Partners, a private equity firm. Financial terms were not disclosed. "Nexus operates a unique business model very effectively, and provides a great service to its customers and suppliers where the attractiveness of its proposition has been demonstrated over many years. The business, led by an impressive management team, has navigated the challenges presented by the pandemic and the vehicle supply shortage admirably, demonstrating its resilience and its ability to provide a top-quality service to its customer base to whom vehicle supply is often ‘mission-critical’. Equistone’s Manchester office has been tracking Nexus for a number of years and we’re excited to be partnering with the team in its next phase of growth," Andi Tomkinson, Equistone Partner.