RD Capital Partners (RDCP) is back on the acquisition trail after completing the buyout of Macair, a mechanical engineering firm that specialises in heating, ventilation and air conditioning (HVAC) facilities maintenance and installation. This follows RDCP’s recent acquisition of Mexican restaurant chain Chilango and forms part of the firm’s continued strategy to grow and diversify its investment portfolio.
With offices in London and Hertfordshire. Macair has been in business for over 25-years, having been established in 1994. Macair is RDCP’s second acquisition in the engineering and construction sector, following their acquisition of the award-winning civil engineering firm Killingley earlier this year. Macair employs 20 staff members and has an annual turnover of over £10m.
Macair designs, installs and maintains efficient HVAC systems in properties across London and the South East, helping building managers, tenants and business owners create a productive working environment 24-hours a day.
Established in 2015 by Sameer Rizvi and Iryna Dubylovska, RD Capital Partners (RDCP) is an independent investment firm and one of the fastest growing private companies in the UK. The group now controls £90m of investments in the healthcare, hospitality, engineering, and real estate sectors in the UK.
Sameer Rizvi, CEO and Founder of RDCP said, “This acquisition forms part of our vision to build a meaningful presence in the UK’s engineering, construction and infrastructure sectors and we are delighted to welcome Macair to the growing RDCP family of businesses.
“In line with the Government’s backlog of infrastructure spending and the Prime Minister’s ‘Build Build Build’ strategy, we are positioning RDCP to take advantage of this budget allocation. Our investment in Macair demonstrates our commitment to supporting economic recovery and job retention in this valuable sector.
“We were attracted to Macair because of their long track record of success in both construction subcontracting and, more importantly, long-term maintenance and service contracts. It will be business as usual for the clients and staff members of Macair as we look to build further on the firm’s current achievements. We look forward to working with the Macair management team, who have established a successful and thriving engineering business.”
Rob McConachie, Managing Director of Macair added, “Macair has been providing customers in aerospace, commerce, education and construction with a professional, client focused service for over 25 years.
“We recognise the importance of technical competence and integrity and we are excited to be joining RDCP, an organisation that we think shares our passion for delivering service at the highest level. In RDCP we see a family that can provide both the encouragement and resource to help Macair significantly strengthen our presence in the marketplace and we are delighted to be adding our contribution to the group endeavour.”