A significant shift has occurred in the Midlands construction sector as MCS Group sells a majority stake worth £22 million to a London-based investor.
- RD Capital Partners has acquired an 80% stake in the Warwick-based construction firm MCS Group, maintaining the company’s current leadership.
- CEO Keir Edmonds of MCS Group highlights the mutual benefits and continued strategic objectives following the acquisition.
- The business, known for its diverse projects across multiple sectors, reported substantial profits in its latest financial review.
- Investors RDCP express confidence in MCS Group’s performance and long-term growth potential, highlighting the firm’s strong market position.
In a strategic business move, MCS Group, a notable construction company based in Warwick, has sold an 80% stake to RD Capital Partners, a London-based investment firm. The transaction values MCS at £22 million, marking a significant moment in the Midlands construction industry. RD Capital Partners (RDCP), known for its diversified investment portfolio, expressed confidence in MCS Group’s established market position and growth prospects.
Founded in 2003, MCS Group has built a reputable standing in the construction sector, employing over 60 staff and achieving a turnover exceeding £100 million. The firm’s operations extend across various industry sectors, including automotive, industrial, commercial, retail, and leisure. Their financial robustness is reflected in the latest audited accounts, reporting a pre-tax profit of £6.7 million on a turnover of £112 million as of May 2023.
Keir Edmonds, the founder and current CEO of MCS Group, will remain in his role alongside the senior management team. Highlighting the company’s strategic vision, Edmonds stated: ‘RDCP is building a group of successful companies with the aim of growing over the long term and expressed interest in us because of our track record and excellent reputation. For that reason, it will be very much business as usual with us continuing to deliver great projects for our clients while maintaining our strategic objectives of minimising and managing risk to maximise returns.’
MCS Group’s recent undertakings include notable projects such as a 430,000 square foot industrial scheme in Burgess Hill and a new self-storage complex in Staines. Furthermore, the company completed a significant three-storey office and production facility for Wago in Rugby and the Sucham Park industrial scheme earlier this year.
According to Sameer Rizvi, co-founder of RDCP, the decision to invest in MCS Group stems from a ‘close following’ of the company’s progress and an appreciation for its ‘performance, quality and consistency in a very competitive sector.’ The investment firm aims to support MCS’s ongoing success while exploring potential synergies within its group companies.
This acquisition underscores confidence in MCS Group’s capacity to sustain its growth trajectory in a competitive market.
