Rubicon Partners is a hands-on investment partnership focused on the acquisition and long-term strategic development of industrial businesses in Europe and North America. Over the past 28 years, Rubicon Partners has invested in 76 businesses across the manufacturing, distribution and service sectors, ranging in value from £15m to £250m.
Bradford based, Airedale Group is a ‘leading brand’ in the UK foodservice and hospitality industry. Established in 1985, the Group employs more than 300 people.
Commenting on the investment, Rob Bywell Airedale Group’s chief executive, said: “This is a significant and exciting step forward for the Group. Over the last 7 years, with support from Rockpool, Airedale has solidified its position as the leading kitchen design & installation business in the UK, whilst simultaneously building a truly national commercial kitchen maintenance platform.
“We wanted a partner that could assist the Group in internationalising this service proposition. Rubicon are an ideal fit with a proven pedigree and a history of success in supporting businesses to reach their full potential.
“On behalf of all the team, I would like to pay tribute to John Rhodes & Peter Bywell who are both retiring. They were true entrepreneurs who not only had the enterprise to start and successfully grow Airedale into a major player, but also recognised its potential and supported a new management team to take the business forward.
“I know they are leaving, proud of what has been achieved over the last 35 years, and with the business in good shape for an exciting future.”