Rubicon acquires PSM

Rubicon specialises in investments within the manufacturing and distribution segments for the aerospace, agriculture, automotive, building products, diversified industrials and energy sectors. It targets buyouts of businesses with enterprise values of £15-250m with a view to remaining invested for more than seven years.

PSM's underlying holding company, Earlham Trading Company, generated an operating profit of £2.9m from a turnover of £16.9m in the year ending in July 2018, according to publicly available documents.

As part of the deal, the GP has introduced Mark Barge, formerly managing director of Ricardo's performance products division, as CEO of PSM.

Company
Founded in 1947, Coventry-headquartered PSM is a manufacturer of metal components and assemblies for the automotive sector. The business focuses on the niche automotive sector and provides prototype tooling in addition to low volume production of components. Its clients include Aston Martin, Bentley, BMW and Jaguar Land Rover.

People
Rubicon Partners – Peter Brock, Andrew Fischer, Ian Fisher, Alan Fletcher (partners).

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• United Kingdom