Midlands-based RP Technologies Ltd, a leading manufacturer of complex low-medium volume aluminium tooling, injection moulded parts, and CNC machined components is pleased to announce a significant new investment, reinforcing the company’s commitment to innovation and long-term growth.
A small group of investors, led by Alistair Schofield, a seasoned executive with over 30 years of experience in the precision engineering sector, has joined RP Technologies, bringing fresh expertise and industry know-how to the business.
The transaction reflects a true “Made in the Midlands” approach, with the entire process supported by key Midlands-based professional services firms. Advisory assistance for RP Technologies’ existing owners was provided by Jerroms Corporate Finance, with George Green LLP offering legal expertise. On the buy-side, M&A Business Transactions, HSBC, Lloyds Commercial Finance, Legal Clarity and Dains played pivotal roles in facilitating the investment.
Under the new structure, investors will collaborate with the existing management team to drive innovation, enhance operational efficiencies, and explore new market opportunities. As part of this transition, Alistair Schofield will assume the role of Chairman, working alongside the leadership team to ensure the company’s sustained success. The incoming management were advised by Jat Najran of M&A Business Transactions and Jat will be retained by the Company as a Non-Executive Director.
Additionally, this investment marks the beginning of a carefully planned leadership transition. Darren Withers, the current Managing Director, will gradually hand over responsibilities as he approaches retirement, ensuring continuity and stability for RP Technologies.
This strategic investment provides a secure foundation for future growth, allowing RP Technologies to maintain its position as a leading manufacturer while continuing to serve clients across various industries with high-quality solutions.
Alistair Schofield commented: “We are delighted to have made this investment into RP Technologies. Darren and his co-shareholders have been tremendously successful in building RP Technologies into one of the UK’s leading toolmakers and providers of high quality, complex manufacturing solutions, with a wide range of customers across several different sectors.
We have ambitious plans to continue the development of the business, and I look forward to working alongside Darren and the management team as we seek to innovate and improve and continue to support our many loyal customers with their requirements.”
Co-founder and Managing Director, Darren Withers, said: “The time is right to begin the transition in leadership of the company, and I am confident that as I move towards retirement, the management team of the business under Alistair’s stewardship will continue to take the business forward, with a strong focus on customer service and operational excellence. The new investors have strong manufacturing experience and will bring ideas, and a real passion for developing RP so that it can reach even greater heights.”
Chasz Coulsting, Head of Corporate Finance, Jerroms Corporate Finance: “This investment is a testament to RP Technologies’ reputation for excellence, and we are delighted to have provided guidance and support to them throughout the sale process. This deal is an ideal match, with both parties demonstrating a strong commitment to ensuring a successful transaction and securing future prosperity. We are excited to see how this new chapter of growth unfolds.
We sincerely appreciate the dedication and support of all the professional teams, whose expertise was instrumental in ensuring a seamless and well-organised transaction and highlights the strength and depth of talent within our region. Congratulations to all who contributed to this success.”
Sarah Ward, Head of Corporate at George Green: “Firmly rooted in the Midlands, as George Green are, we were proud and privileged to be involved in this entirely Midlands advised transaction, working closely with Chasz and his team at Jerroms. It was a fantastic result for Lisa, Darren, Jane and Brett after all their hard work in building up the business and it was an absolute pleasure to help such a lovely group of people and guide them through the sale process to its successful conclusion.”
Gary Davie, partner at Legal Clarity: “The team at Legal Clarity were delighted to be involved in this truly (and exclusively advised) Midland’s deal. Core to our values and strengths in advising entrepreneurs and owner managers on investments, acquisitions, and succession, it was a delight to support Alistair, Jat and the investment team with this deal. The inevitable hard yards, with fun along the way, and thanks to everyone involved in getting the deal over the line as it should be done. Here’s to the future prosperity of the RP team and we can’t wait to support Alistair, Jat and the investment team with their future equally successful endeavours.”
Aaron Lowe, Associate Director, Lloyds Banking Group added: “LBG were thrilled to provide a bespoke funding line to this dynamic tooling business as part of their wider investment package. Under new ownership, the business is entering an exciting phase of growth and transformation following on from solid foundations built by its founders. The new leadership brings a clear strategic vision, deep sector expertise, and a strong commitment to operational excellence. With fresh investment and a continued focus on innovation, the business is well-positioned to expand its capabilities and drive long-term value across the tooling and manufacturing sectors. This strategic support underscores our commitment to driving innovation, strengthening UK manufacturing, and Helping Britain Prosper.”
Felicity Ransome, Relationship Manager, HSBC UK Bank: “HSBC UK Bank are delighted to have provided Alistair and Jat with a funding package for their investment into RP Technologies. This will enable the continued success of this dynamic tooling business under new leadership that have extensive sector expertise. They have a clear strategy of growth and innovation, and we are thrilled to be supporting them on this journey.”
