Thu, 22/05/2014 - 11:57
London-based turnaround investor Rcapital has invested in McArthur, a wholesaler and distributor of building, agricultural, steel and security fencing products.
Based in Bristol with over 250 staff in eight sites across the UK, McArthur was founded over 170 years ago by the McArthur family.
Following a number of difficult years McArthur has restructured its business with the support of Rcapital and led by the chief executive Sam McArthur.
Sam McArthur says: “This deal has enabled us to create a solid platform for the future of our business. We have successfully resolved the underperformance of our Irish and manufacturing businesses to help us establish a secure and sustainable future for the group.
“The new investment brought to the business by Rcapital, together with their experience in delivering business growth and transformation will enable us to drive McArthur forward in a rapidly changing market.”
Jamie Constable, CEO of Rcapital, says: “We are pleased to have the opportunity to invest in McArthur Group. We believe that McArthur’s long established brand and nationwide distribution network will help to move the business back into profitable growth.”
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