RDCP Group, a London-based investment firm, has acquired discount delivered wholesaler SOS Wholesale for an undisclosed fee.
The Derby-based business was founded in 1996 by Norman Beckett and now employs 120 staff from its 70,000 sq. ft warehouse and distribution centre. The existing management team led by Mark Beckett and Vipin Patara will work closely with RDCP founders, Sameer Rizvi and Iryna Dubylovska, on a future growth strategy.
Iryna Dubylovska, founder & chief strategy officer of RDCP Group, said: “This acquisition reflects our strong appetite to expand our presence across different sectors and I could not be prouder of our team and our advisors. We have ambitious plans to grow our assets under management to $1bn by 2025 and will continue to invest our growing balance sheet capital into promising British businesses that have a consistent and profitable trading history, committed and ambitious management teams and a defendable and dominant market position within their respective sectors.”
Mark Beckett, managing director of SOS Wholesale added: “Steven and I are proud to be a part of one of the UK’s fastest growing private conglomerates, RDCP Group. I am looking forward to continuing to work with Vipin Patara and our management team to grow the business further, whilst retaining the family values that have made us what we are today. It is very much business as usual for our staff, customers and suppliers. We have worked hard to build an excellent reputation of delivering exceptional service and this will continue to be a focus for SOS Wholesale moving forward.”
This latest deal is RDCP’s eighth acquisition in the last 18 months and it now controls $400m of investments across multiple sectors in the UK.