LDC backs the management buyout of Rimor, specialists to the subsea oil & gas industry

Leading mid-market private equity firm LDC has backed Managing Director, Paul Mason and Finance Director, Scott Bushby in the management buy-out of Rimor Limited, leading providers of precision manufacturing and engineering services predominantly to the subsea oil & gas industry. The subsea oil & gas industry has undergone a period of strong growth in recent years, largely driven by technological advancements in drilling and extraction techniques, and long-term increasing demand for hydrocarbons. This has resulted in Rimor’s strong trading record over recent years and a record order book. The deal will provide the capital required to help support the continuing growth and expansion of Rimor, including site expansion in the UK and potential expansion overseas, as the business looks to service and support the growing market demand. For more information visit www.rimor.co.uk/Rimor_MBO.pdf