Watkins Hire

Management Buy Out

Watershed is pleased to announce the £10.1 million investment by Baird Capital into Watkins Hire, in support of a Buy Out led by Watersheds’ client, Paul O’Kelly.

Founded in 1998, Watkins is a specialist provider of industrial and commercial heating and cooling equipment rental services.  Based in Lydney, Gloucestershire, and with depots across the UK, Watkins supplies heaters, steam and water boilers, air handlers and chillers to a wide variety of blue chip clients.  Its Events division supplies equipment to major international events, including the 2012 London Olympics.

Watersheds was engaged by Paul O’Kelly to help him find a business where he could add real value and deliver significant growth.  This deal gives new investment to Watkins Hire to both fund expansion of its Hire Fleet and to invest in its engineering, operational and service infrastructure. Watersheds introduced Paul having identified Watkins Hire as a great match for his skills and experience.  Watersheds helped Paul to find the right structure and investment partner to complete the investment and take the business forward.

Sue Green of Watersheds commented “We are delighted to have been able to find the perfect opportunity for Paul and to help him secure the financial backing and investment he needed to realise his plans.

Watkins Hire is the only rental company in the UK to offer a complete range of heating and cooling equipment and a national service to its clients. Many funders were interested. It is refreshing that Paul was able to pick the funders he wanted”

Paul O’Kelly commented “Watersheds successfully identified the perfect match between my background and skill base and the needs of Watkins Hire.  I am very pleased now to be able to join Watkins Hire as its Chief Executive at such an exciting period and to help the business grow and develop its full potential.”

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For more information call us on Northampton 01604 660511 or Swindon 01793 719788 or Crawley 01293 804514

For more information call us on Northampton 01604 660511 or Swindon 01793 719788 or Crawley 01293 804514