BDO’s Building Products & Services M&A team has advised Primary on the MBO of Readypower Engineering Limited and arranged the debt finance through PNC Business Credit. Readypower is one of the foremost accredited suppliers of professionally-operated plant hire services to the regulated rail sector in England and Wales.
Mithun Patel comments “this is a significant transaction within the sector and the support of Primary will help enable the Readypower management team to achieve their growth ambitions. The plant hire sector is a very active M&A market currently and companies such as Readypower are highly attractive, supported by longstanding client bases, specialist equipment & operators and high margins”
“The level of commitment and dedication shown by the BDO team throughout the process was second-to-none. They showed a rare ability to delve right down into the detail of Readypower’s financial performance whilst not losing sight of the key high-level strategic value-drivers. BDO were a pleasure to work with and were a core part of Primary’s deal team from the beginning to the end of the process; they were instrumental in helping us get the deal across the line.”
Alistair Armstrong, Partner – Primary Capital Partners LLP