Month: July 2019

Founded by the Payne family in 1947, PSM has established a market leading position as a manufacturer of complex sheet metal components for the niche automotive sector. From its base in Coventry, UK, PSM supports its customers’ demands for prototype tooling and assemblies and low volume production of body-in-white components.

Rubicon have appointed Mark Barge, previously Managing Director of the Performance Products Division of Ricardo plc. as CEO of PSM. Mark is a qualified engineer and has considerable experience and knowledge of the UK low-volume performance automotive sector.

Rubicon Partners have over 25 years’ experience investing in and supporting niche engineering and manufacturing businesses, with PSM being Rubicon’s 74th acquisition. Rubicon Partners are committed to developing and investing into PSM, having already signed off on additional investment and facilities to support further growth.

Farsound, founded in 1986, is a leading global supply chain solutions provider, focused on managing fast moving, C-class and B-class aero-engine parts for aerospace MRO facilities overhauling commercial aero-engines. Farsound manages the procurement and supply of C-class and B-class parts for an increasingly complex and diverse global network of over 300 suppliers, 20,000 part numbers and 120 customers.

Rubicon acquired Farsound from the founding family in 2011. Over eight years of its ownership, Rubicon has supported the business in its investment requirements and in the development of its strategy, sustaining a focus on the aviation MRO sector worldwide, to the benefit of all stakeholders. As a result, the Company, headquartered in Romford, United Kingdom, now has a global footprint, with a presence across Asia, the Middle East, Europe and North America.

Rubicon Partners is an investment partnership focused on acquiring complex industrial businesses across the UK and Europe. Over the past 26 years the firm has acquired 74 industrial manufacturing, distribution and service companies, ranging in value from GBP 15m to GBP 250m.

Rubicon focuses on opportunities for long-term value creation through working closely with company management in addressing strategic opportunities and operational performance. The firm has extensive experience in acquiring from private family ownership, retiring owner managers, corporations and private equity funds.