Award-winning Chesterfield civil engineering business is acquired by bigger company
Killingley, which is based in Temple Normanton, near Chesterfield, employs 120 staff members and has an annual turnover of £16million.
The company has been acquired by RD Capital Partners which now controls £60million of investments and employs 400 full-time staff members, across their core sectors of healthcare, infrastructure and real estate.
Killingley is RDCP’s first acquisition in the infrastructure and engineering sector. Gareth Dillon, managing director of Killingley, said: “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.”
Sameer Rizvi, chief executive officer and founder of RDCP said: “We are pleased to have had the opportunity to acquire such an impressive business, led by a fantastic managing director.
“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.
“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.”