Private equity house swoops for £16m engineering firm

A £16m-turnover Derbyshire civil engineering, landscaping and grounds maintenance firm has been bought by a private equity firm.

RD Capital Partners (RDCP) has completed the acquisition of Killingley, which is based in Chesterfield.

The deal is RDCP’s first acquisition in the infrastructure and engineering sector.

Killingley employs 120 staff members and works with a mix of local councils, public bodies, private enterprises, architects and some of the UK’s leading construction companies.

Established in 2015 by Sameer Rizvi and Iryna Dubylovska, RDCP now controls £60m of investments and employs 400 full-time staff members, across their core sectors of healthcare, infrastructure and real estate.

Rizvi said: “We are pleased to have had the opportunity to acquire such an impressive business, led by a fantastic managing director, Gareth Dillon. He and his team deliver market-leading work across all spectrums of their projects.”

“Our vision for 2020 is to build a presence in three key sectors: healthcare, infrastructure, and real estate. We are proud to have solely focused on healthcare and real estate since inception in 2015. However, we now have the scale as well as the access to debt markets that will allow us to establish meaningful presence in a number of sectors. In order to build a future-proof business, we need to be diversified across uncorrelated sectors.”

“We were attracted to Killingley because of their excellent reputation and track record of success and are committed to working with Gareth and his team to deliver long-term growth strategies. The company boasts a strong background in infrastructure and engineering works and has an impressive portfolio of clients across the UK. We are very excited about working with the team and fuelling further growth. It will be business as usual for the clients and staff members of Killingley.”

Gareth Dillon, managing director of Killingley, said: “I am delighted to welcome Sameer and Iryna to the Killingley team and look forward to working with them to continue the successful refocusing of the business following our recent restructuring. It is a testament to the hard work and dedication of everyone at Killingley that RDCP have recognised this opportunity and have made a significant investment in further securing the growth of the company at a difficult time for the wider construction sector. This is a hugely positive move for the company and will only enhance our future development plans.”

Funding to support the deal was provided by Neil Sharp of finance brokers TML Finance and Advisory, who structured an undisclosed bespoke lending package to assist RDCP.

Sharp said: “It was great to see all the moving parts align both from the start to the final agreement and naturally the lending side which we worked hard on. We have an extensive background in working on these types of deals for clients and it’s always good to put that experience to good use for a positive outcome.”

Close