TXM Plant, the UK’s largest supplier of Road Rail Vehicles (RRVs), has completed a management buyout to accelerate its growth and invest in its fleet. TXM Plant, which is headquartered in Milton Keynes, provides RRVs and associated attachments to Network Rail and its major contractors involved in maintenance, track renewal and infrastructure projects.
Clearwater’s Debt Advisory team raised a bespoke debt package utilising TXM Plant’s significant asset value to support the transaction and future growth, with funding being provided by PNC Business Credit.
The management buyout was backed by leading midmarket private equity firm LDC for an undisclosed sum. The investment comes amidst the UK’s biggest ever period of investment in rail infrastructure. Following the transaction, TXM Plant intends to accelerate its growth by investing heavily in its fleet and expanding its range of value-added services.
