Rubicon Partners Acquires CMD
October 2022
Rubicon Partners is pleased to announce that it has acquired 100% of the share capital of CMD Limited (“CMD”) from Ideal Industries Inc. (“Ideal”). This is the sixth investment made by Rubicon through its Fund V.
CMD is one of the UK’s leading designers and manufacturers of power distribution systems; personal power solutions and ergonomic solutions for the office and commercial fit-out markets. Included in the award-winning CMD product range is Rotasoc, the industry leading workstation power distribution system and Miro, a patent protected monitor arm uniquely constructed to provide complete freedom of movement. The Company employs 158 people, from its manufacturing unit in Rotherham and showroom in London and has been a market leader of award-winning products and solutions since 1988. The existing management team, led by Jon Holding, will continue to lead the business. CMD was previously owned by Rubicon, who created the business in 2001 by integrating three separate companies. Today, CMD’s activities are:
- Power distribution: Powertrack and Power Hub distribution systems along with Access power solutions are used in some of the UK’s most high-profile commercial office, retail and hospitality spaces.
- Workstation power: including USB and Wireless charging for integration into desk, conference rooms, collaborative space furniture and any location within offices/commercial space.
- Ergonomics solutions – products include the award-winning Miro monitor arm that enable heathier working and improved employee performance.
Jon Holding, Managing Director of CMD commented “This is tremendous news for all stakeholders of CMD as we face the modern challenges with new ambition and energy. I’m especially proud to be leading such a talented and committed workforce. The new ownership provides long term clarity as we look to focus on the markets and customers that we serve and to continue the outstanding product development to which we always aspire. With other exciting new projects like a new London showroom already well underway, CMD will remain an exciting place to be for the foreseeable future as we look to continue our development as a business.”