Rutland Partners Exits Total Rail Solutions

Rutland Partners Exits Total Rail Solutions


On 16 October 2023, Rutland Partners LLP completed the sale of Total Rail Solutions Limited (“TRS”) to trade bidder, Readypower Group Limited (“Readypower”).

Rutland originally invested in TRS, a leading provider of Road Rail Vehicles (“RRV”) to the UK rail sector, in 2018. The business works closely with Network Rail, and its principal contractors, to support the construction, maintenance, and repair of the UK rail network.

Rutland has always planned to exit before the end of the current spending cycle (CP6), which ends in April 2024. As the leading operator of RRVs in the UK, Readypower is the natural buyer for the business, and it will integrate TRS into its business by the end of the year.

Ben Slatter, Partner at Rutland, said:
“We are pleased that we have secured the sale of TRS to Readypower. I would like to echo Brian’s thanks for the commitment of the business’ management and wider team. TRS has been acquired by the strongest trade player in the market and we wish the team the best of luck in the future.”

Brian Davidson, Chairman of TRS said:
“I would like to thank the management and staff of TRS for their absolute commitment to the business in a tough trading environment. We were all fortunate to have Rutland as an investor who acted with absolute integrity and provided valuable support and advice. Readypower will be an excellent owner for TRS, and I wish them every success.”


Back to News