London based RDCP acquires rail engineering firm

RDCP Infrastructure is on course to grow further after the acquisition of railway track engineering firm Alma Rail. This is the second deal completed by RDCP Infrastructure after its acquisition of Avon Combined Electrical Services last week.

Based in Chesterfield, Alma Rail was founded in 2009 and is RISQS (Railway Industry Supplier Qualification Scheme) approved specialist railway contractor offering specialist onsite track engineering, maintenance, refurbishment, and civil construction services across the UK for a range of blue chip clients including VolkerRail, Arriva TrainCare and Breedon Group.

Managing director and co-founder Richard Walker will continue in his role and work closely with the RDCP Infrastructure’s managing director Gareth Dillon, Sameer Rizvi and Iryna Dubylovska. RDCP will take a 90 per cent stake in the £1m EBITDA business. Beach Point Capital provided funding to support the transaction and was represented by Shane Lanigan and Jakob Nilsson.

RDCP Infrastructure is the construction arm of investment firm RDCP Group founded by Sameer Rizvi and Iryna Dubylovska. RDCP controls $450m of investments in the UK.

With 275 full-time staff members and a balance sheet worth over £75m, RDCP Infrastructure is one of UK’s leading construction engineering specialist contractors, offering fully integrated delivery of complex construction projects featuring engineering solutions across key building and infrastructure sectors.

Sameer Rizvi, founder & CEO of RDCP Group explained: “We are also pleased to have completed our first transaction with Shane Lanigan and Jakob Nilsson of Beach Point Capital (BPC), who have been highly supportive of our acquisition strategy and have provided a term debt facility to get the acquisition over the line.”

Gareth Dillon, managing director of RDCP Infrastructure added: “We are excited to welcome Richard and his team to RDCP Infrastructure and look forward to helping them reach their growth potential.”

Richard Walker, managing director Alma Rail said: “In RDCP Infrastructure we feel we have found a management team that match our ambitions and high standards and can provide the support to realise the full potential of Alma Rail. The whole team at Alma Rail are very excited about this deal and are looking forward to working with RDCP.”

Neil Sharp, director at TML Finance and Advisory, who structured the lending package, added: “It was great to see this this deal come together from start to finish, and another positive outcome for RDCP. We also enjoyed working with Jakob and Shane at Beach Point Capital, who went above and beyond to make this transaction happen.”

By Mark Adair – Correspondent, Bdaily

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