Clairvest earns 31 pct IRR with $275 mln sale of CRS to Ashtead
Canadian private equity firm Clairvest Group has completed its sale of CRS Contractors Rental Supply LP to Sunbelt Rentals, a North American affiliate of the United Kingdom's Ashtead Group plc. The deal, announced last month, reflected a purchase price of $275 million plus a potential earn-out. Clairvest, which invested in CRS in 2013, said it realized an internal rate of return of 31 percent over the life of the investment. Based in Kitchener, Ontario, CRS is a provider of construction equipment rentals, sales and related services.
2 August 2017•2 mins read
