LDC invested in Rhino Products, backing the management team led by CEO and Co-Founder Steve Egerton

PORTFOLIO

Rhino Products: Backing international ambition

LDC’s partnership with Rhino Products is supporting an international growth strategy.

Sector
  • Industrials

Rhino Products is a designer and manufacturer of premium accessories for light commercial vehicles.

Deal type
  • Development capital

Headquartered in Ellesmere Port, Cheshire, Rhino is a designer and manufacturer of premium external load carrying and restraint systems for light commercial vehicles.

Rhino’s innovative products are designed to address health and safety concerns of major fleet owners as well as providing high quality and reliable products for SMEs. With two factories in the UK and further dedicated sites in The Netherlands, Poland and Sweden, Rhino is an internationally recognised brand, synonymous with innovation, quality and reliability.

In November 2020, LDC invested in Rhino, backing the management team led by CEO and Co-Founder Steve Egerton.

Supporting international expansion

The partnership with LDC will support Rhino’s management team to deliver its growth strategy through buy-and-build and further international expansion. LDC has committed to support Rhino with additional funding to further enhance its market share in the UK and internationally.

As part of the deal, Gary Jacobson also joined the board as Non-Executive Chairman. Gary was formerly CEO of Middleton-headquartered Bifold Group, a manufacturer of instrument valves and pumps.

Opening our new facility in Ellesmere Port was a key milestone for the business and it demonstrates our ambition to continue to grow internationally. Now we want to supercharge that growth and in LDC we have found a partner with a track record of doing just that.”
Steve Egerton, CEO
Rhino Products