Anderson Shaw business brokers is pleased to announce that it has advised Matthew and Joanna Killingley, the owners of NT Killingley Ltd, on the sale of the Company to RD Capital Partners (RDCP). RDCP is one of the fastest growing private companies in the UK. The group now controls £60 million of investments and employs 400 full-time staff members, across their core sectors of healthcare, infrastructure and real estate.
Based in Chesterfield, Killingley was established in 1972 and is RDCP’s first acquisition in the infrastructure and engineering sector. Killingley employs 120 staff members and has an annual turnover of £16 million. Their client base is broad, working across a mix of local councils, public bodies, private enterprises, architects and some of the UK’s leading construction companies. It is a multiple BALI award winning business (British Association of Landscape Industries), having most recently secured Principal Award accolades in 2019.
Matthew Killingley said, “My father established the company over 47 years ago and having taken up the reins some 24 years ago, in 1995, I recognised it would prove difficult indeed to let go, but Peter Wilson (from Anderson Shaw) gave me good support throughout the process. The business had seen some recent difficult times but had a very rosy future and Peter was able to find prospective buyers who could see the opportunities in the business. Anderson Shaw put together a very comprehensive and professional sales document for the business, which all the buyers we met with commented upon. We eventually settled on a non-trade buyer, but one who was seeking to expand into our service area, and we came to an agreement around the sale very quickly. The due diligence process was not without its difficulties, but Peter provided a calm and reliable support during this time.”
Sameer Rizvi, CEO and Founder of RDCP explains: “We are pleased to have had the opportunity to acquire such an impressive business, led by a fantastic Managing Director, Gareth Dillon. Him and his team deliver market-leading work across all spectrums of their projects.
“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.”
Sameer goes on to say: “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”
Anderson Shaw found this very well-matched buyer quite quickly and, Heads of Terms were signed some 3 months from its’ appointment. The legal stages were more complicated than most, but all Parties were committed to progress the deal, and, working closely with the legal advisors and funding broker during the DD process, Anderson Shaw was very much engaged throughout, keeping the deal on track, with a final completion after a further 4 months of DD activity.
The owners, who have a continued involvement in the business, are delighted with the sale which allows them to commence on plans in other business areas of interest and pursue other family plans that they have in place.
The Anderson Shaw team was led by Peter Wilson and acted as corporate finance advisers to the Killingley’s.
Please see press release from the buyers RDCP here: https://www.rdcapitalpartners.com/media.html