Sameer Rizvi, Founder & CEO of RDCP Group explained: “The acquisition of ACES brings a high quality, growth-focused construction business to RDCP Infrastructure. It is a well-established and highly respected business with a strong management team. Their impressive client list includes high profile names including Galliford Try, the Ministry of Defence (MOD) and NHS. We are thrilled to welcome the ACES team to the RDCP Group and look forward to working together to maximise ACES potential and enhance further the company’s outstanding reputation and services.”
“The support provided by the team at SME Capital as our lending partners on this transaction has been great. Stuart Watson is highly supportive of RDCP’s acquisition strategy and worked with us to secure the right debt package to complete the acquisition.”
Stephen Sage, Managing Director ACES added: “Joining RDCP is the next step in the evolution of ACES into a stronger regional M&E engineering business. Sameer and his team will enhance the professional service already offered by ACES and open new opportunities for growth and expansion. I’m personally looking forward to working closely with Gareth and the RDCP Infrastructure team to understand their aspirations and explore the close synergies with sister companies within the group. Not only does this provide an excellent opportunity for both RDCP and ACES it also allows for personnel within the current business to expand their own personal aspirations.”
Stuart Watson, Regional Director, Business Development SME Capital said: “RDCP (through its Infrastructure business) knows the M&E sector very well and identified ACES as a perfect fit as part of its acquisition strategy. ACES has an excellent, long-standing client base, a high profile in the industry and proven management team."
“We have been pleased to support RDCP in this acquisition with a bespoke five-year loan including both a capital repayment holiday and bullet repayment structure to help with the initial integration and maximise cash headroom given current macro-economic uncertainty. This is another excellent introduction from Neil Sharp of TML Finance & Advisory. Thanks to all involved particularly Matt Ingram and the team at Squire Patton Boggs.”
Neil Sharp, Director at TML Finance and Advisory, who structured the lending package to assist with the purchase, added: “It was great to see all the moving pieces align from the start to the final agreement. We have extensive experience 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 for RDCP. It was also a great experience working with Stuart and the wider team at SME Capital, who went above and beyond to make this transaction happen.”
If you would like to discuss acquisition financing in more detail or our wider funding capabilities do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
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