Watkins Hire, founded in 1998 and based in Lydney, UK, provides rental services for industrial and commercial heating and cooling equipment. The company supplies heaters, steam and water boilers, air handlers and chillers, and operates a dedicated events division that has supported major events including the 2012 London Olympics. Watkins serves a wide variety of blue-chip clients from several depots across the U.K. The business received a £10.1m investment from Baird Capital to support growth. Management plans to use the funds to expand the rental fleet and to invest in engineering, operational and service infrastructure. The transaction also includes leadership and board changes intended to support the company’s expansion.

Total raised

$17M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2014