Finance experts assist in new investment for firm’s future growth
Midlands-based RP Technologies Ltd, a leading manufacturer of complex low-medium volume aluminium tooling, injection moulded parts, and CNC machined components has made a significant new investment.
A small group of investors, led by Alistair Schofield, a seasoned executive with over 30 years of experience in the precision engineering sector, has joined RP Technologies, bringing fresh expertise and industry know-how to the business.
Advisory assistance for RP Technologies' existing owners was provided by Jerroms Corporate Finance, with George Green LLP offering legal expertise.
On the buy-side, M&A Business Transactions, HSBC, Lloyds Commercial Finance, Legal Clarity and Dains played pivotal roles in facilitating the investment.
Under the new structure, investors will collaborate with the existing management team to drive innovation, enhance operational efficiencies, and explore new market opportunities.
As part of this transition, Alistair Schofield will assume the role of chairman, working alongside the leadership team to ensure the company’s sustained success. The incoming management were advised by Jat Najran of M&A Business Transactions and Jat will be retained by the company as a non-executive director.
Darren Withers, the current managing director, will gradually hand over responsibilities as he approaches retirement, ensuring continuity and stability for RP Technologies.
Alistair Schofield said: “We are delighted to have made this investment into RP Technologies.
“Darren and his co-shareholders have been tremendously successful in building RP Technologies into one of the UK’s leading toolmakers and providers of high quality, complex manufacturing solutions, with a wide range of customers across several different sectors.
“We have ambitious plans to continue the development of the business, and I look forward to working alongside Darren and the management team as we seek to innovate and improve and continue to support our many loyal customers with their requirements.”
Co-founder and managing director, Darren Withers, said: “The time is right to begin the transition in leadership of the company, and I am confident that as I move towards retirement, the management team of the business under Alistair’s stewardship will continue to take the business forward, with a strong focus on customer service and operational excellence.
“The new investors have strong manufacturing experience and will bring ideas, and a real passion for developing RP so that it can reach even greater heights.”
Chasz Coulsting, head of Corporate Finance, Jerroms Corporate Finance: “This investment is a testament to RP Technologies’ reputation for excellence, and we are delighted to have provided guidance and support to them throughout the sale process.
“This deal is an ideal match, with both parties demonstrating a strong commitment to ensuring a successful transaction and securing future prosperity. We are excited to see how this new chapter of growth unfolds.
“We sincerely appreciate the dedication and support of all the professional teams, whose expertise was instrumental in ensuring a seamless and well-organised transaction and highlights the strength and depth of talent within our region.
“Congratulations to all who contributed to this success.”
