Clearwater International has advised Farsound Engineering (“Farsound”), on its sale to RG Industries LLP (RGI), a new partnership between Rubicon Partners (“Rubicon”) and Grovepoint Capital (“Grovepoint”).
Founded by the late Roger Gulperin in 1979, Farsound is a leading manufacturer and supply chain manager of precision components for the aerospace and defence industries. It has a global, blue chip customer base and operates from state of the art premises in Romford, Essex. The firm employs around 100 people across its manufacturing and supply chain MRO divisions.
Farsound has enjoyed strong growth in recent years. Forecasts indicate that this trend will continue through 2012 and beyond, with the company driving forward its strategy to penetrate new geographical markets and expand its customer base.
UK-based industrial investors, Rubicon and Grovepoint, formed RGI to build a global portfolio of high quality industrial businesses, with a focus on those operating in the manufacturing and distribution sectors. Farsound is the first acquisition for the portfolio, and it will provide RGI with a solid platform from which to make further acquisitions in the aerospace sector