Private investor Rcapital, has completed its second carve out deal of 2023 with the acquisition of Temple Lifts from Hitachi. Temple, which has over 35 years’ experience in the lift maintenance sector, was acquired by Hitachi in 2017.
Private investor Rcapital, has completed its second carve out deal of 2023 with the acquisition of Temple Lifts from Hitachi. Temple, which has over 35 years’ experience in the lift maintenance sector, was acquired by Hitachi in 2017.
Headquartered in Bromley, Greater London, Temple has approximately 5,000 lifts and escalators under maintenance contracts, supporting customers across multiple sectors.
Rcapital will partner with the current management team to deliver a growth plan, and has also introduced senior sector expertise from the industry to help accelerate growth and drive operational improvements.
Rcapital was advised by Browne Jacobson LLP (legal), RJP LLP (tax), Bespoke M&A (due diligence) and PHD Property Advisory (property).
