Based in Chesterfield, Killingley was established in 1972 and is RDCP’s first acquisition in the infrastructure and engineering sector. Killingley employs 120 staff members and has an annual turnover of £16 million. Their client base is broad, working across a mix of local councils, public bodies, private enterprises, architects and some of the UK’s leading construction companies.
“Our vision for 2020 is to build a presence in three key sectors: healthcare, infrastructure, and real estate. We are proud to have solely focused on healthcare and real estate since inception in 2015. However, we now have the scale as well as the access to debt markets that will allow us to establish meaningful presence in a number of sectors. In order to build a future-proof business, we need to be diversified across uncorrelated sectors.
“We were attracted to Killingley because of their excellent reputation and track record of success and are committed to working with Gareth and his team to deliver long-term growth strategies. The company boasts a strong background in infrastructure and engineering works and has an impressive portfolio of clients across the UK. We are very excited about working with the team and fuelling further growth. It will be business as usual for the clients and staff members of Killingley.”
Gareth Dillon, Managing Director of Killingley, says: “I am delighted to welcome Sameer and Iryna to the Killingley team and look forward to working with them to continue the successful refocusing of the business following our recent restructuring. It is a testament to the hard work and dedication of everyone at Killingley that RDCP have recognised this opportunity, and have made a significant investment in further securing the growth of the company at a difficult time for the wider construction sector. This is a hugely positive move for the company and will only enhance our future development plans.”
Funding to support the deal was provided by Neil Sharp of finance brokers TML Finance and Advisory, who structured an undisclosed bespoke lending package to assist RDCP. “It was great to see all the moving parts align both from the start to the final agreement and naturally the lending side which we worked hard on. We have an extensive background in working on these types of deals for clients and it’s always good to put that experience to good use for a positive outcome.”