RD Capital Partners acquires Grayton Ltd
HMT, led by Partner Paul Read, Director Corin Briault-Hutter and Senior Manager Hamish Pearson advised RD Capital Partners on their acquisition of engineering services firm Grayton Ltd for an undisclosed sum.
Headquartered in Barton-upon-Humber, Grayton provides market leading mechanical engineering solutions to a wide range of UK industries including steel, cement, oil & gas, chemicals, food and power. Established in 1992, the business also operates from a site at Marsh Lane in Barton. The firm services UK and European markets from these two workshops totalling over 7,000 sq ft and overhead crane coverage of 20T. Today, Grayton is recognised as the UK’s leading expert on industrial rotary plant including survey, diagnostics, maintenance and installation, working with blue chip clients across the UK including Tarmac, Ensus British Steel, British Sugar, Tata Steel, P66, Breedon and Vivergo Fuels.
RDCP is a London-based diversified investment group, which has acquired an 80% stake in Grayton, backing Carl Meale and Richard Southee as incoming joint Managing Directors and 20% shareholders in the business. Finance for the deal was provided by Beach Point Capital.
HMT undertook financial due diligence on this transaction.
Sameer Rizvi, Founder & CEO of RD Capital Partners commented:
“The HMT team did a great job in supporting RD Capital Partners on our involvement in this recent acquisition of Grayton. The team provided invaluable and comprehensive advice throughout the process, and their input was crucial in getting the deal over the line. We look forward to working with HMT again on future transactions.”
Paul Read commented:
“We are thrilled to have advised RD Capital Partners on their acquisition of Grayton. Adding Grayton to their portfolio is part of the firm’s strategy to strengthen its presence in the UK industrials sector through acquisitions. We look forward to working with them again in the future.”
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