Dover-based Burgess has been run by Nicholas Warren since 2008, since the retirement of his father David. With RJD’s support, Nicholas will take the business forward, supported by other members of the existing Burgess management team. The transaction represents an exit for David.
The company employs 130 people, with annual turnover in excess of £25m in the year to 31 March 2014.The company plans to enhance and expand its geographic footprint and service offering, both organically and through selective acquisition and Alex Hay, partner at RJD Partners, said, “We are delighted to have completed the investment in Burgess and we very much look forward to working with Nicholas and his team to further develop Burgess into the national leader in its field.
"RJD has a successful track record of being the first institutional investor within family businesses and we look forward to leveraging our experience in this area to support the company’s exciting growth prospects”.
Nicholas Warren added, “Burgess has an excellent foundation of strong customer relationships and a reputation and proven track record for innovation and quality. We are determined to build on this over the coming years as the company grows to become the leading independent operator in the UK marine services sector. We are very pleased to have partnered with RJD in carrying out this MBO and look forward to working closely with their team in continuing the success of Burgess.”