East Sussex-based itmsoil has secured the finance it needs to continue with growth in the civil engineering sector.
The company, which has 100 staff and a number of global offices, designs, builds and installs geotechnical and structural monitoring instruments for civil engineering, mining and railway projects.
The 52 year-old business has provided its products for projects such as the New York City tunnel link as well as the Crossrail development being carried out in and around London.
Jonathan Scott, managing director of itmsoil, comments, ‘Rcapital was one of several investors interested in the business.
‘We chose them because we felt they had the sector experience, skills and passion to help us achieve our ambitions.’
More on RCapital deals:
- Constable’s RCapital backs MBO of bChannels
- Turnaround investor RCapital Morses Club’s acquisition-led growth drive
- RCapital sees future in Matrix
In 1986 itmsoil was subject to a management buy-out (MBO) when the team purchased the business from founder Jack Robertshaw.
The deal represents the second time that Rcapital has invested in an instrumentation and monitoring business, with its other involving Plowman Craven in 2009.
The turnaround investor based in London closed a number of deals in 2013, with its most high profile involving the sale of restaurant group Little Chef to trade buyer Kout Food Group.