RGE Services secures management buyout backed by YFM Equity Partners
The fire and electrical compliance provider completed its primary buyout led by YFM Equity Partners.
An Essex-based provider of specialist fire and electrical compliance services to the public sector.
RGE Services has secured a primary management buyout backed by YFM Equity Partners. The transaction represents the second deployment from the investor's Buyout Fund II. Managing director Scott Craig will lead the business following the deal, supported by incoming chair Stuart Black and finance director Matt Aspinall, while founder Roger Greene remains a shareholder.
Established in 1985 and based in Chigwell, RGE Services delivers electrical maintenance and testing alongside fire safety installations for local authorities and housing associations across London and the South East. The funding supports the company as it transitions leadership and looks to build on its established market position.
From the founder
"Over the last 30 years, RGE Services has established a solid reputation as a supplier which is trusted by public sector organisations. We understand the high levels of customer service they need in order to ensure that all types of electrical, fire and security projects are safe for users, and also to enable them to demonstrate that a robust compliance procedure has been followed."
Scott Craig
Managing Director at RGE Services
Investor perspective
"RGE Services is a great commercial business which has continued to meet growing demands for compliance as part of the drive for greater regulation within property services. With its strong track record in the public sector as a high quality provider, it is well placed to continue to benefit from the positive market environment, led by Scott and the experienced team he has brought together."
David Wrench
Investment Director, YFM
Investors
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About the company
RGE Services
RGE Services provides fire and electrical compliance solutions for public sector clients.