Portfolio Details

Rapid Energy

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Rapid Energy provides fast, dependable temperature-control hire solutions for commercial and industrial environments. The company supports organizations during planned shutdowns, unexpected HVAC failures and periods of peak demand, helping maintain operational continuity with reliable heating, cooling and climate-control systems. Rapid Energy serves a diverse range of end markets and is recognized for its responsiveness, technical expertise and service reliability.  

A number of characteristics attracted us to invest in the business, including its:

• A resilient and growing market – The market for temporary temperature-control solutions has grown consistently and is expected to continue expanding, driven by ageing infrastructure, labor and supply chain constraints, and recurring maintenance needs. Rapid continues to gain market share through its modern, technology-enabled fleet and responsive service.
• Attractive revenue model – Rapid’s ‘Equipment-as-a-Service’ model provides strong revenue visibility, underpinned by reoccurring emergency response requirements and regulatory maintenance demand. The business also benefits from efficient capital deployment, with long-life equipment and short payback periods on fleet investment.
• Experienced partnership and strong alignment – Rapid is led by an ambitious management team supported by Baird Capital’s sector expertise and advisor network developed through prior investments, including Watkins Hire and STR. The founder-owned business aligns well with our investment strategy, with management focused on driving continued growth alongside flexible capital support.

Investment Contacts

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