Private investment firm Perwyn has acquired Lowe Rental, a Northern Ireland-based rental specialist for refrigeration units, catering equipment and temporary kitchens.
Perwyn is backing Lowe’s management team led by CEO Rodney Lowry as it continues its growth trajectory.
Over its 40 year history, Lowe Rental has grown to supply a diversified blue chip customer base, primarily in major events, exhibitions and retail. With Perywn’s backing the business intends to accelerate its current growth, expand into new product areas and adjacent markets and invest into new equipment.
Lowry commented: “We at Lowe are really thrilled about the future and partnership with Perwyn. Perwyn is a very specialist private equity firm that focuses on fast growing companies; its evergreen investment approach will be a strong fit with the dynamics of our global business. ”
Andrew Wynn and Mark Blower, partners at Perwyn, noted: “We are delighted to be partnering with Rodney and the executive team at Lowe, to support their continuing growth strategy.
“We have reviewed several investment opportunities in the sector over the last year, but when we were introduced to Lowe we were immediately attracted by its range of high quality assets and international coverage. This coupled with a reputation for outstanding customer service and innovation are attributes that make Lowe stand out.”
Lowe is headquartered in Lisburn, Northern Ireland and employs around 130 people across nine offices on four continents.