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Sat July 20 2024

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MBO at Watkins Hire

10 Jan 14 Chillers and heaters specialist Watkins Hire has been taken over by its management team, led by CEO Paul O’Kelly, backed by private equity house Baird Capital.

Portable heater from Watkins Hire
Portable heater from Watkins Hire

Baird has invested £10.1m to provide growth capital for rental fleet expansion.

Watkins Hire is an independent provider of temperature control equipment rental services, with a fleet of heaters, steam and water boilers, air handlers, dehumidifiers and chillers.

The company has a blue-chip client base and operates through five UK depots.

Baird Capital managing director James Benfield said: “We are delighted to be partnering with the Watkins management team and, through our strong sector knowledge and resources, to help the company build on its reputation as a trusted provider of quality temperature control services.”

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