November 2, 2020
Industrials and Industrial Technology
M&A, Debt advisory
GCA Altium advises Rhino Products on a significant investment from LDC
GCA Altium has advised Rhino Products, Europe’s leading manufacturer of light commercial vehicle accessories, on a significant investment from LDC.
Rhino was founded in 1997 by Clive Boult who subsequently joined up with current CEO Steve Egerton in 2003. The firm has since become the leading designer and manufacturer of premium external load carrying and restraint systems for light commercial vehicles. Its innovative products are designed to address health and safety concerns of major fleet owners and provide high quality and reliable products for SMEs.
With two factories in the UK and further dedicated sites in the Netherlands, Poland and Sweden, Rhino is an internationally recognised brand, synonymous with innovation, quality and reliability. At the start of this year, the firm moved to a new state-of-the-art headquarters in Ellesmere Port, UK, in order to expand capacity for innovation and product development.
The partnership with LDC will support Rhino’s management team in delivering its growth strategy through buy-and-build and further enhancing its market share in the UK and internationally. Rhino has a strong track record of growth, having increased revenues by 60 per cent in the last three years.
Steve Egerton, CEO of Rhino Products, said: “It has been a pleasure to work with GCA Altium and I am delighted with the outcome achieved. GCA Altium’s advice throughout the process has been integral to finding the right partner in LDC and I am grateful to the whole GCA Altium team. We have built a market leading brand and I am excited to be taking the business forward alongside LDC.”
Simon Lord, Managing Director at GCA Altium, added: “Steve and the team have built a fantastic business over the past 17 years and the leading brand in the space. It has been a real privilege to work with such an innovative manufacturer and I wish the Rhino team all the best for the next stage of growth.”
Adam Sivner, Director at GCA Altium, said: “Rhino Products is another example of the high quality, market leading manufacturers that GCA Altium is renowned for advising. We are delighted that Steve has found the right partner in LDC and look forward to seeing the business go from strength to strength.”