Private equity behemoth KKR has agreed to acquire Dawsongroup, a UK-based asset leasing business, through the investment firm’s global climate strategy.
Dawsongroup, a family-owned business founded in 1935, specializes in leasing assets such as vehicles and refrigerated boxes. It offers electric vehicles, solar power, low-emission generators, and battery storage technologies among its offerings, according to KKR, which said it will help accelerate the company’s decarbonization strategy.
“We see a significant opportunity to accelerate the electrification of Dawsongroup’s fleet, in support of the Dawsongroup management team’s focus on sustainable solutions,” said Vincent Policard, co-head of European infrastructure at KKR. “We will help Dawsongroup drive sustainable growth, expand into new geographies, and contribute to the broader shift toward cleaner, more resilient infrastructure.”
The acquisition is the latest investment from KKR’s Global Climate strategy, which launched in 2023. KKR’s climate strategy has made three prior investments: Zenobe, a UK-based provider of transport electrification and battery storage solutions; Avantus, a US-based developer of large utility-scale solar energy projects with energy storage integration; and IGNIS P2X, a joint venture between KKR and Spanish renewable energy project developer IGNIS to develop green hydrogen and ammonia production.
IonAnalytics reported in October that the climate strategy has raised $3 billion, or nearly half its target amount. ImpactAlpha has not verified this information.
KKR, a founding member of Ownership Works, a non-profit promoting employee ownership structures in private equity-backed companies, plans to implement an employee ownership program at Dawsongroup upon completion of the acquisition.
