Somerset-based fabricator-installer the Majestic Group has been acquired for an undisclosed sum by RDCP Group.
The investment body has acquired 98% of the 20-year-old family business, which has announced it will be continuing to operate as usual, with Jim Martin promoted to group MD following the retirement of founder Steve Harris.
Majestic Group, based in Cheddar, consists of the fabricator Majestic Window Designs(MWD) and retailer-installer Majestic Designs (MD). The company, with 60 staff and £2million operating profits on around £8million sales, says it is now targeting significant growth after the acquisition.
Jim Martin in his new role will working closely with Sameer Rizvi, Iryna Dubylovska and Paul Clunn from RDCP.
Sameer Rizvi, founder & CEO of RDCP Group said:“Majestic is a fantastic business with a successful track record of growth. Working together with Jim and the team, our focus is to expand the business even further and continue to deliver excellent products and services to their loyal customer base. It’s very much business as usual for everyone at Majestic Windows and we’re delighted to be part of this exciting new chapter.
“We want to thank Steve Harris, who founded the business several decades ago and has created an iconic brand, but now wishes to retire and spend more time with his family. Just like Majestic Group, RDCP Group is a family-owned business, founded by my wife, Iryna Dubylovska and I in 2015.
“In fact, one of the reasons we acquired Majestic was because of the similar family-style corporate culture that the business has. The other reasons are the long-term committed staff base, year-on-year revenue growth, the highly profitable trading history, and the well-invested state-of-the-art factories in Cheddar.”
Steve Harris added:“It has been a very hard decision to retire and I will certainly miss all the amazing team but I believe the time is now right for me pass over the leadership of the company to a new team to take Majestic to the next level.
“RDCP operate with the same family values and principles and I know the company is in safe hands for the future. Finally, I would like to thank all our suppliers who have been amazing and our wonderful customers without who none of this would have been possible.”
Jim Martin said: “For over 20 years, we have been serving Somerset homeowners with our outstanding service and building our reputation as the best in the business. We’re proud of the success we have achieved to date which has been achieved thanks to our high standards and excellent workforce. Steve has created a business that everyone at Majestic is proud to be part of and we’re looking forward to further growth.”
