Worthing's Carpenter Box supports RJ Power Group in multi-million pound transaction

By Tom Kilkelly

27 July 2023

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Sevenoaks-based RJ Power has become an employee ownership trust (EOT). The deal was supported by South east accountants Carpenter Box.

This transaction is, according to Carpenter Box, a 'multi-million pound' deal. Alistair Aird, Corporate Finance Director at Carpenter Box, said: “We are delighted to have supported the RJ Power Group of companies in their transition to employee ownership.

“Employee ownership, enabled through EOTs, is a proven way of motivating people to drive the long-term success of a business and we look forward to the RJ Power Group of companies thriving under this new ownership model.”

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RJ Power Group provides integrated design and engineering solutions to the power sector across the UK, with four complementary businesses covering rail, private networks and connections covering design, installation testing and commissioning applications for customers in the UK.

The EOT is a significant milestone for RJ Power Group and its employees, as reported by the company themselves.

Peter White, Group Chief Executive Officer, said: “We are excited about this new chapter in the development of RJ Power.”

“The Management are committed to the long-term success of the Group and are confident that this transaction will make a positive impact on our business, our employees and our clients. The knowledge and expertise of Carpenter Box made the whole process quick and smooth and we look forward to working with them in the future.”

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.