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CMD Acquired by Rubicon Partners

CMD Acquired by Rubicon Partners
01 November 2022
 

CMD Ltd, the UK manufacturer of power distribution systems for commercial environments, is to be acquired by Rubicon Partners.

Rubicon Partners is a London-based investment partnership focused on the acquisition of complex industrial businesses. CMD will be the sixth investment made by Rubicon through its Fund V, which includes the utilities division of Amey.

CMD was previously owned by Rubicon, who created the business in 2001 by integrating three separate companies. Today, CMD’s business encompasses power distribution, workstation power and ergonomic solutions for employee performance.

 

“This is tremendous news for all stakeholders of CMD as we face the modern challenges with new ambition and energy - I’m especially proud to be leading such a talented and committed workforce."

–Jon Holding

Managing Director, CMD

 

Jon Holding to Remain as Managing Director of CMD

 

The company employs 158 people, from its manufacturing unit in Rotherham and showroom in London. Jon Holding will remain as Managing Director alongside the existing management team.

Andrew Fischer, Founder of Rubicon commented “CMD has always been a business close to my heart and to have the opportunity to help its evolution is both exciting and rewarding for me personally. CMD is a great UK business with a local heritage and true manufacturing credentials - we are confident that with Jon Holding as Managing Director and the existing management team remaining in place, we are well placed to continue to serve our customer base to the highest of standards while at the same time drive market innovation and developments further.”

Jon Holding, Managing Director of CMD added “This is tremendous news for all stakeholders of CMD as we face the modern challenges with new ambition and energy - I’m especially proud to be leading such a talented and committed workforce. The new ownership provides long term clarity as we look to focus on the markets and customers that we serve and to continue the outstanding product development to which we always aspire.

"With other exciting new projects like a new London showroom already well underway, CMD will remain an exciting place to be for the foreseeable future as we look to continue our development as a business.”  

Picture: a photograph of a co-working space with desks and computers. Image Credit: Pixabay

Article written by Ella Tansley | Published 01 November 2022

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