RJD backed the management buyout of Stone Group, a leading IT solutions provider for UK education and other public sector markets in 2008. Our Education sector experience and ability to deliver within a tight timescale helped secure the transaction.
We were attracted to the opportunity to invest in a niche but growing business with robust barriers to entry. Stone stood out in the market for its outstanding reputation for customer service and vertical expertise.
Throughout the investment period, we have been a pro-active and supportive investor, encouraging Stone to grow both through organically and via bolt-on acquisitions including Dino PC in July 2019. In recent years, Stone has significantly grown its recycling arm enabling it to offer bespoke recycling soutions to its client base and has expanded into certain areas of the private sector.
As the business has evolved, we have worked with management to strengthen the team and infrastructure. This included appointing Mark Weavis, an education specialist, as Chairman, as well as supporting other senior hires such in areas such as Sales & Marketing. Additionally, we supported significant investment in Stone’s warehouseing infrastructure in 2019.