RDCP Group Acquires Worcester Electrical Distributors

The Master Group Acquires Distributor Corporation of New England (DCNE)

June 22, 2026

Industrial Services

The Master Group, a heating, ventilation, air conditioning and refrigeration (HVAC-R) distributor, completed its acquisition of Distributor Corporation of New England (DCNE), a Carrier distributor serving eastern New England. The deal expands Master’s U.S. footprint in Massachusetts, Maine, New Hampshire, and Rhode Island while adding DCNE’s eight-location network and contractor relationships.

RDCP Group Acquires Majestic Windows (Majestic Window Designs and Majestic Designs UK)

May 3, 2023

Manufacturing

RDCP Group has acquired a 98% stake in Majestic Windows, comprising manufacturing company Majestic Window Designs (MWD) and sister retail/installation business Majestic Designs (UK). Jim Martin will remain with the business as group managing director and RDCP plans to support geographic expansion across the South West; financing was provided by SME Capital with lending arranged by TML Finance & Advisory.

RDCP Group Acquires The Pexion Group for £34m

January 3, 2023

Manufacturing

London-based RDCP Group has acquired a 75% stake in Chorley-headquartered Pexion Group in a deal valuing the precision engineering group at £34 million. RDCP is providing a £15 million acquisition facility to support bolt-on acquisitions as it seeks to grow Pexion’s EBITDA and expand the business through a buy-and-build strategy.

RDCP Infrastructure Acquires Majority Stake in Alma Rail

December 12, 2022

Engineering Services

RDCP Infrastructure, part of the RDCP Group, has acquired a 90% stake in Chesterfield-based railway track engineering firm Alma Rail. The deal was supported by financing from Beach Point Capital and sees Alma Rail's co-founder Richard Walker remain in his management role as the business scales under RDCP's ownership.

RDCP Infrastructure Acquires Avon Combined Electrical Services (ACES)

November 30, 2022

Construction

RDCP Infrastructure (part of RDCP Group) has acquired a 90% stake in Bristol-based mechanical and electrical engineering firm Avon Combined Electrical Services (ACES). The deal, backed by lending from SME Capital and introduced by TML Finance & Advisory, aims to scale ACES’s regional M&E capabilities under the RDCP platform.

Grant & Stone Acquires Devondale Electrical Distributors

June 1, 2021

Building Products

Grant & Stone, a portfolio company of Cairngorm Capital Partners, has acquired Devondale Electrical Distributors, the largest independent electrical wholesaler in the South West of England. The add-on expands Grant & Stone's electrical division with nine additional branches based in Somerset and Devon, providing geographic expansion, product extension and securing succession for Devondale's owner and managing director, Paul Wood.