RJD backs land surveyor Survey Solutions

Unquote understands that the company's enterprise value is less than £15m.

The GP invested alongside Survey Solutions' management team, led by the company's founder and CEO, James Cooper, who will retain the majority holding.

Cooper will continue to lead the business alongside regional directors and co-shareholders Dave Bredin, Richard Glenn, Greg Norman and Paul Singleton. In addition, Richard Caston, managing partner at RJD Partners, will join the board of Survey Solutions.

RJD intends to support the management team in this new phase of expansion and boost the company's growth, both organically and via additional acquisitions complementary to the current service offering.

This is the fifth investment made by the GP via its RJD Fund III, which held a final close on £60m in April 2016. The vehicle invests in companies operating within niches in the consumer and services sectors with enterprise values of up to £50m. Unquote understands that the fund is now more than 50% deployed.

Company
Established in 2004 in a carve-out from TA Millard, Survey Solutions provides land, measured building and underground surveys to clients based in the UK and operating across a variety of sectors, including residential and commercial property developers, and infrastructure firms. The company is headquartered in Ipswich, with additional offices in Norwich, Brentwood, Nottingham, Coventry, Yeovil and Glasgow.

People
RJD Partners – Richard Caston (managing partner).
Survey Solutions – James Cooper (founder).

Advisers
Equity – Capital Law (legal); WK Corporate Finance (financial due diligence); Fairgrove Partners (commercial due diligence).
Company – Noventus Partners (corporate finance); Taylor Vinters (legal).

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