Baird Capital Invests in Rapid Energy
Today, Baird Capital announced a strategic investment in Rapid Energy, a specialist provider of emergency and planned temperature-control hire solutions. Baird Capital’s investment will allow for an acceleration of growth for Rapid Energy across nationwide industrial and critical-infrastructure markets by supporting an expansion of fleet and enhancement of engineering capability.
Founded in 2020, Rapid Energy provides reliable heating, cooling and climate control solutions that help customers maintain core operations during planned shutdowns, unexpected failures and periods of peak demand. Baird Capital’s investment will enable the company to expand capacity, accelerate technology and innovation and advance its solutions for customers operating in critical environments. The partnership also supports targeted growth in key industrial applications, such as district heating networks, while reinforcing Rapid Energy’s commitment to engineering quality, reliability and market-leading response times.
We are delighted to partner with Baird Capital for the next chapter of Rapid Energy’s growth. Their deep understanding of our sector and experience supporting founder-owned businesses like ours provides the ideal platform to accelerate investment in our fleet, technology and people, while staying true to our mission and values. Our leadership team remains in place, our customer-first culture remains at the core of the business and this partnership gives us the resources to strengthen and scale what already makes Rapid Energy successful.
Julien Fougere, CEO of Rapid Energy
Rapid Energy has built an impressive reputation for technical expertise and market- leading customer service. We’re excited to support the company as it broadens its fleet and deepens its engineering capabilities. This partnership reflects a shared vision for long-term growth, and we look forward to helping the team build on the strong foundation they’ve already created.
James Benfield, Partner, Baird Capital’s Global Private Equity
The investment in Rapid Energy reflects Baird Capital’s longstanding commitment to partnering with companies that align with its Industrial Technology & Sustainability thesis. It also reinforces the firm’s broader strategy of providing flexible capital to founder-led, B2B technology and services businesses.
Baird Capital was advised by Eversheds Sutherland (Legal), CIL (Commercial), BDO (Financial and Tax), Coppett Hill (GTM), Stifel (Corporate Finance), New Street Consulting (Management), ERM (Environmental, Health, and Safety) and WTW (Insurance).
Rapid Energy was advised by HCR (Legal) and Archer Flemming (Corporate Finance).
