Readypower Group Acquires Total Rail Solutions Ltd
Berkshire, 16th October: Readypower Group Limited (RGL) are delighted to announce the acquisition of Total Rail Solutions Limited (TRS).
TRS have been struggling financially for some time in a difficult market. Recent cancellations
and a shrinking work-bank as the industry move towards the end of CP6 meant the business
needed additional investment.
RGL have been working closely on an expedited transaction with all parties over the recent
period. Today sees the successful conclusion of that work and RGL have purchased 100% of the
share capital of TRS.
RGL CEO Russell Jack said “We are delighted to get this deal over the line. Our aim is to provide
initial capital to support the business going forward. This deal is the best outcome for TRS and
its employees, and we will be able to provide stability, so we can evaluate how we best secure
the long-term future of the business and the people who work in it. Between now and Christmas
we will undertake a process of integrating TRS into the Readypower Group ready for the start of
next year and the new control period”.
RGL were supported in this transaction by Pinsent Masons (legal), KPMG (Financial DD), RSM
(tax DD), Adeptus (environmental DD) and Vista (Insurance DD). We would like to thank all our
advisors who have worked extremely hard to get this concluded in a reduced timescale.