Station naming deals announced
Runaway Rail Car Kicked Loose by Teen Hits New York Station
Škoda unveils its second tram for the Chinese market
Wabtec to buy Faiveley Transport for US$1·8bn
Constantine tram extension contract
Channel Tunnel: '2,000 migrants' tried to enter
Ottawa urban rail gets federal funding
UK and Italian operators order Vossloh locomotives
First Great Western and Eversholt sign Hitachi AT300 train contract
Tanzania, Rwanda and Burundi invite interest in DIKKM railway
Road-rail equipment provider TXM Plant has completed a management buy-out, backed by mid-market private equity firm LDC for an undisclosed sum. TXM Plant said it has more than doubled its turnover to £45m in the last three years, and it plans to accelerate its growth by investing in its fleet and expanding its range of value-added services.
The buy-out was led by Managing Director Gareth Richardson, Business Development Director Rob Killen and Finance Director Patrick Matthews. As part of the transaction, former Network Rail director Keith Ludeman has joined as non-executive Chairman.
‘After a period of solid growth, now was the right time to accelerate the next stage of the business’ growth journey’, said Richardson on May 12. ‘LDC has an impressive track record of supporting management teams and the deal provides us with the platform to cement our market-leading position.’
LDC was advised by Clearwater International, Eversheds, KPMG and PwC, while TXM Plant was advised by EMW and Bluebox Corporate Finance.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.