The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

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

Share



Related Articles

Diamond Facilities Support Group Founders Complete Purchase of 100% Shareholding 

Adam Atkins and Helen Cooper, the founders of Diamond Facilities Support Group, now own a 100 per cent stake in the business as it reaches its 14th anniversary. Coat...

 Read Full Article
Compass Group Agrees to Acquire CH&CO

Compass Group UK & Ireland has proposed to acquire the food business CH&CO. The deal is for an initial enterprise value of £475 million, with the...

 Read Full Article
Bellrock Enhances IWMS Offering With New Acquisition 

Just over a week since announcing its acquisition deal with Capital & Provincial, Bellrock has added Mobiess Ltd to its group. Mobiess Ltd provides integrated...

 Read Full Article
Apleona Buys German HVAC Specialist

Apleona has acquired the ventilation and air conditioning company Air for All, based in Gerlingen near Stuttgart. Air for All’s existing management team...

 Read Full Article
Celnor Group Acquires Majority Share of Assurity Consulting

Celnor Group, a specialist in testing, inspection, certification, and compliance, has acquired a majority share of Assurity Consulting Ltd. This new ownership...

 Read Full Article
Bellrock Group Acquires Capital & Provincial

Bellrock Property & Facilities Management has acquired the project management and property consultancy company Capital & Provincial. Bellrock, formerly known...

 Read Full Article
Bouygues Energies & Services to Adopt Equans Brand in UK

The UK FM and energy solutions arm of Bouygues will now operate under the Equans brand. Bouygues Energies & Services (E&S) will become Equans from January...

 Read Full Article
Thermatic Looks for Acquisitions to Double Revenues

FM provider Thermatic is looking to accelerate its expansion by making strategic acquisitions in the technical facilities management space. To double revenues to...

 Read Full Article
OCS Acquires Profile Security Services

FM company OCS has acquired Profile Security Services for an undisclosed sum. Profile Security Services is an independent security specialist headquartered in...

 Read Full Article
Trane Technologies Completes Acquisition of Nuvolo 

Trane Technologies, the home of building technology brands Trane and Thermo King, has completed its acquisition of asset management workflow software provider...

 Read Full Article