“I am delighted to be working with Rcapital and look forward to an exciting growth period for our engineering, rail and rubber divisions, driving better performance for customers, suppliers and our employees”
Simon Tin, MD
Rcapital has supported the MBO of Thornhill, an established heat exchange engineering group based in both the North and the Midlands of the UK.
Established in 1988, Thornhill is a leading UK and worldwide supplier of heat exchange products and support services. It is the only UK provider of the complete cycle of heat exchanger services from design and engineering, to manufacture, installation, after sales care, and repairs and servicing.
Renowned for plate heat exchanger design, manufacture, service and spares supply, the company also has a reputation for the design and manufacture of shell & tube and air-cooled heat exchangers making it one of the few companies globally that can offer complete heat exchange solutions.
Significant investment has been made in Thornhill’s Engineering Services division over the past 12 months resulting in more extensive facilities for design, manufacture and testing. Thornhill primarily serves a blue-chip customer base in the oil and gas, rail, food & drink, utilities, general industrial, marine, chemicals, nuclear, steel and power generation sectors.
The deal secures over 100 jobs in the engineering sector and will provide both financial stability for the business and a platform for future growth.
Rcapital has worked closely with the management team to agree and support a growth strategy across its three sites in Grimethorpe, Blaydon and Atherstone.