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Carpenter Box’s corporate finance and tax teams have supported the RJ Power Group of companies in a multi-million pound transaction that transfers ownership of 70% of the business to employees.
The company provided tax advice to create a group structure for RJ Power in readiness for the employee ownership trust.
The firm also helped RJ Power complete the transaction in the most tax-efficient manner and supported the Group in determining an appropriate market valuation of the business.
Alistair Aird, corporate finance director at Carpenter Box, said: “We are delighted to have supported the RJ Power Group of companies in their transition to employee ownership. Employee ownership, enabled through EOTs, is a proven way of motivating people to drive the long-term success of a business and we look forward to the RJ Power Group of companies thriving under this new ownership model.”
Peter White, RJ Power CEO, added: “We are excited about this new chapter in the development of RJ Power. The management is committed to the long-term success of the Group and are confident that this transaction will make a positive impact on our business, our employees and our clients. The knowledge and expertise of Carpenter Box made the whole process quick and smooth and we look forward to working with them in the future.”
RJ Power Group provides integrated design and engineering solutions to the power sector across the UK.
It has four complementary businesses covering rail, private networks and connections covering design, installation testing and commissioning applications for customers in the UK.
