Sector: Energy, Utilities
Status: In Portfolio
Deal type: Management buyout
Investment date: August 2016
Raymond Brown Minerals and Recycling had strong potential at the time of our acquisition to build upon its regional critical mass by expanding each of its three business streams.
Based in Chandlers Ford, Hampshire, with sites across Dorset, Wiltshire and Oxfordshire, Raymond Brown is a leading integrated aggregates and recycling company.
“The transaction was far from straightforward but Elysian’s pragmatic approach and investment in understanding the detail of our business, combined with their tenacity, ensured that we made it happen. Their experience and support will help us reach the group’s goals.”
Chief Operating Officer, Raymond Brown Minerals and Recycling
We saw significant growth in Raymond Brown, which had already established a leading position based on regional critical mass, a strong reputation for product and service quality, and environmental responsibility.
The company provides:
It also has long-term contracts within its IBA division and an attractive asset base that had benefitted from significant investment in recent years, including a new quarry in Romsey in Hampshire and a new IBA facility near Andover.
We would enhance each of its three business areas, boosted by firm customer relationships and strategic mineral reserves.
Since our investment in 2016, we have worked with the management to: