Southgate is a market leading solutions provider within the packaging and e-commerce fulfilment sector. From its origins as a regional UK packaging supplier in the 1960s, the business has impressively evolved through strong organic growth and several strategic acquisitions to become Europe’s largest trade supplier of machinery, equipment and associated consumables to the industrial packaging marketplace.
Southgate has grown rapidly over the last few years and has met its investment and working capital needs out of retained profits but as it pursues the significant growth opportunities ahead it will be required to invest at a higher level.
Southgate represents an exciting opportunity for Rutland to partner with the existing management team led by Craig Turner (CEO), and further develop the group’s global footprint and manufacturing capabilities.
Rutland was selected by the Turner family because of its extensive experience in helping organisations through strategic change and further growth.
The plan going forward will include expanding services to customers, pursuing domestic and international growth objectives and exploring targeted acquisitions where appropriate.
"The BDO team did a great job in supporting us during this transaction. The past twelve months have been incredibly challenging for several reasons, but Duncan and the team guided us through each step of the process, and we would not have been able to achieve the result we did without their support and advice.
"Duncan and James have led throughout the transaction and helped to bring together the numerous parties involved to deliver a great outcome for all. We would recommend Duncan and his team to anyone considering an exit or transitional change."
Craig Turner, CEO, Southgate Global Limited