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Gloucestershire Business News

Gloucestershire engineering firm sold

Construction engineering specialist firm RDCP Infrastructure has acquired Gloucestershire-based Woodford Engineering for an undisclosed sum.

Woodford Engineering is a family owned firm with over 40 years' experience of producing high quality precision engineered parts and fabrications for local, national, and international clients.

It operates from a 23,000 sq ft facility in Lydney, providing machining, fabrication, laser, and water jet cutting services.

Buyer RDCP Infrastructure is a subsidiary of London-based investment firm RDCP Group, which controls $250 million of investments in the UK.

Led by Sameer Rizvi, Iryna Dubylovska and Gareth Dillon, RDCP Infrastructure is the group's construction and engineering arm, with 200 full-time staff members and a balance sheet worth over £50 million.

This latest deal is the firm's fifth acquisition in the infrastructure sector and forms part of RDCP's buy-and-build strategy in the sector.

Sameer Rizvi, CEO and founder of RDCP Group, said: "Woodford Engineering is a market leading precision engineering and metal fabrication business.

"We have been looking to expand into precision engineering but struggled to find the right fit until we came across Woodford Engineering. What particularly attracted us to the business was its consistent trading history and its track record of revenue and profitability growth, even during the tough pandemic months of 2020/21.

"We see huge growth opportunities working with the team to bring on more new clients and diversify the firm's revenue streams. We are excited to welcome all the staff to the RDCP Group and look forward to working with the senior management team.

"Graeme Johnson and Paul Johnson have built a fantastic business. It will be business as usual for Woodford Engineering and its loyal workforce. All we want to do is carry on from where the Johnson brothers have left off."

Joint managing directors of Woodford Engineering, Graeme and Paul Johnson, said in a statement: "Although we are sad to be leaving the business we have built up over 40 years, we are pleased that in RDCP we have chosen a group that appreciates the quality and potential of our workforce and the capacity of our business. We know Woodford Engineering will continue to serve its customers well under its new ownership."

Woodford Engineering has 20 staff, who will all remain with the business after the sale.

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