RDCP Infrastructure swoops for track engineering specialist
RDCP Infrastructure has taken a 90% interest in a Chesterfield counterpart specializing in track construction.
The civil engineering firm’s dive for Alma Rail is its second acquisition in as many weeks, after it struck a deal for Avon Combined Electrical Services earlier this month.
Founded in 2009, Alma Rail works with a number of blue chip customers including VolkerRail, Arriva TrainCare and Breedon Group.
The company’s Managing Director and co-founder, Richard Walker, will continue in his role and will work closely with RDCP’s leadership team post-transaction.
RDCP Infrastructure is the engineering arm of London-based investment firm RDCP Group. The group was founded by Sameer Rizvi and Iryna Dubylovska and has 275 full-time employees. His tally is over £75million.
Beach Point Capital provided financing to support the transaction, while TML Finance and Advisory and HCR Law advised on the transaction.
Rizvi, CEO of RDCP Group, said: “Alma Rail was looking for a strategic partner with the drive and ambition to leverage its reputation and capitalize on its growth prospects. Our extensive experience and track record in the infrastructure sector makes this acquisition a perfect match. We are also pleased to have completed our first transaction with Shane Lanigan and Jakob Nilsson of Beach Point Capital (BPC), who have been very supportive of our acquisition strategy and provided a term credit facility to bring the acquisition through the line.”
Gareth Dillon, Managing Director of RDCP Infrastructure said: “Alma Rail has worked on some impressive milestone projects across the UK, including the laying of 6km of track at the East Midlands Gateway distribution center and the installation of the first modular points diamonds to be used on Network Rail’s infrastructure as part of the Ipswich Chord project. We are delighted to welcome Richard and his team to RDCP Infrastructure and look forward to helping them realize their growth potential.”
Richard Walker, Managing Director of Alma Rail, said: “Since 2009, Alma Rail has built a reputation for engineering excellence with a core team of track and construction professionals and over the last two years we have been looking for the right partner to take the company on bring the top to next level. We believe that in RDCP Infrastructure we have found a management team that matches our ambition and high standards and can offer the support to realize Alma Rail’s full potential. The entire Alma Rail team is very excited about this deal and looks forward to working with RDCP.”
Neil Sharp, Director at TML Finance and Advisory who structured the loan package added: “It has been great to see this deal materialize from start to finish and another positive result for RDCP. We also enjoyed working with Jakob and Shane at Beach Point Capital who did everything they could to make this transaction a reality.”