Renatus Capital invests in CRS Refrigeration
Renatus Capital Partners, an investor in Irish SMEs, has agreed to make a significant minority investment in CRS Mobile Cold Storage to support the business's growth plans.
First founded in 1992, CRS is today led by brothers John Tyrrell (Managing Director) and Patrick Tyrrell (Technical Director). The business is a market leader in the provision of modular temperature-controlled storage solutions to the food and pharmaceutical sectors. From its headquarters in Co. Meath, it provides solutions to blue-chip clients across Ireland, the UK and mainland Europe.
Former Suretank CEO John Fitzgerald is joining the board as non-executive Chairman and is investing into the business alongside Renatus.
This is Renatus’s fourth investment and the first from its new EUR35 million fund. This new fund is focused on providing supportive equity capital to ambitious Irish SMEs.
John and Patrick Tyrrell, Directors of CRS, say: “CRS is excited to be partnering with Brendan and the Team at Renatus and is looking forward to having John Fitzgerald join the board as Chairman. Their combined experience will facilitate CRS to scale an already established business across multiple markets while ensuring the same level of customer care. It was important for us to find a partner who is aligned with our values and we believe that Renatus is the right fit to ensure CRS can achieve its ambitious growth plans and realise its full potential.”
Brendan Traynor, Director of Renatus, says: “CRS’s talented management team has positioned the business as a market leader in its space by being customer-focused, uncompromising on product quality and service, and creative in finding the right solutions to meet their customers’ needs. Renatus is delighted to partner with John and Patrick, and provide the financial and strategic support to help accelerate their UK and European growth ambitions.”