Temple has over 35 years’ experience in the lift maintenance sector and has built a strong reputation for delivering a reliable and technically proficient service at an affordable price. It has been sold by Hitachi, Ltd. which acquired the business in 2017.
Headquartered in Bromley, Greater London, Temple also operates from Havant and Stoke on Trent, providing services nationwide. It has approximately 5,000 lifts and escalators under maintenance contracts, supporting customers across multiple sectors.
Led by Mark Jones, Ashley Greensmith and Mark Kane, Temple employs a highly efficient and experienced team of installation, maintenance, and modernisation specialists. The team looks after a wide range and age of manufactured lifts installed in buildings, from two-storey care homes to high-rise, high-density commercial and residential blocks, as well as maintaining and modernising escalators, to ensure safe and reliable passenger movement.
Rcapital will partner with the current management team to deliver a growth plan and build a strong and stable business. Rcapital has also introduced senior sector expertise from the industry to help accelerate growth and drive operational improvements.
Sam Duberley, Investment Manager at Rcapital, said: “Temple Lifts is a solid business that has built a strong reputation for technical expertise and exceptional client service. We are looking forward to supporting the management team as they take the business into a new era of growth and profitability.”
This is Rcapital’s second carve out acquisition in 2023. Rcapital has a successful track record of supporting businesses in the industrial and business services sectors.
Rcapital was advised by Browne Jacobson LLP (legal), RJP LLP (tax), Bespoke M&A (due diligence) and PHD Property Advisory (property).