Elysian Capital-backed Cross Rental Services Acquires All Seasons Hire from HSS Hire Group

Elysian Capital Acquires Cross Rental Services from Lonsdale Capital Partners

August 2, 2021

Industrial Services

Elysian Capital III LP, in conjunction with Cross Rental Services' management, has acquired Cross Rental Services (Cara (Topco) Limited) from Lonsdale Capital Partners. The Dublin-headquartered business supplies mission-critical heating, cooling and refrigeration equipment on a rental basis across Ireland and the UK; Elysian will support accelerated growth, capital expenditure and selective M&A to expand the platform, particularly in the UK.

H&E Equipment Services Acquires One Source Equipment Rentals

September 19, 2022

Industrial Services

H&E Equipment Services, Inc. agreed to acquire One Source Equipment Rentals, Inc. for $130 million in cash, adding 10 branch locations and approximately $138 million in fleet to H&E's network. The acquisition expands H&E's geographic footprint into the Midwest (Illinois and Indiana) and supplements its presence in the southern U.S.; One Source is employee‑owned and generated roughly $59 million in revenue over the twelve months ended July 31, 2022.

Capital A Acquires Substantial Stake in The Rental Group

September 26, 2019

Media & Entertainment

Capital A Investment Partners has taken a substantial stake in The Rental Group, the Dutch market leader in audiovisual (AV) and IT equipment rental formed by Allrent and Easy2rent. The investment is intended to accelerate growth, professionalize the business and roll out The Rental Group's Allrent/Easy2rent formula across Europe through a buy-and-build strategy.

Elysian Capital II LP Acquires SCX Special Projects

February 3, 2020

Industrial Services

Elysian Capital II LP (through Elysian Capital) has completed an acquisition and investment in SCX Special Projects Holdings Ltd, making SCX the eighth platform investment for the Elysian Capital II fund. SCX, a Sheffield-based specialist engineering business known for bespoke lifting, materials handling and kinetic architecture projects (including Wimbledon and Tottenham Hotspur stadium roofs), will receive support to pursue international growth and a strong project pipeline.

Cortec Group Completes Growth Recapitalization of Four Seasons Heating & Air Conditioning

November 1, 2022

HVAC & Mechanical

Cortec Group, via an affiliated investment vehicle led by Cortec Group Fund VII, completed a growth recapitalization of Four Seasons Heating & Air Conditioning on November 18, 2022, with CEO Dave Musial retaining a significant ownership stake. The investment will support Four Seasons’ organic expansion and an acquisitive growth plan across the Midwest; terms were not disclosed and senior debt was provided by Antares Capital, Adams Street Partners, MetLife Investment Management and Apogem Capital.

Herc Holdings Acquires H&E Equipment Services

February 19, 2025

Industrial Services

Herc Holdings Inc. acquired H&E Equipment Services in a transaction valued at $5.3 billion (including $1.5 billion of assumed debt), after outbidding United Rentals during a go-shop period. Under the terms, H&E shareholders received $78.75 in cash and 0.1287 shares of Herc common stock per share (approximately $104.89 per share based on Herc VWAP), H&E shares ceased trading on NASDAQ, and the combined company expands Herc's footprint, fleet and scale across North America.