RENNICKS

Rennicks has 40 years of experience in traffic signs, vehicle registration plates and road technology.

Rennicks

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Status

Existing

Strategy

MBO

Entry

2017

Website

Portfolio Management Team

Featured News

Rennick's story

In December 2017, Renatus partnered with the existing management team to complete a Management Buy-Out of Rennicks from its parent company, Fitzwilton Group. Renatus supported the Managing Director, Michael Flanagan, and Finance Director, Dolores Nevin in their acquisition of the business.

Renatus supported Michael Flanagan and Dolores Nevin in funding the management buyout of the Rennicks Group as well as leading the MBO team through the negotiation process with the Vendor and the Bank as part of the acquisition. Renatus tapped its network for a globally experienced HR team. This team conducted a root and branch review of the business that ensured staff retention. In 2021 Renatus helped find a successor in Barry Marron to take over the reigns from Michael.

Key Milestones

  • Appointment of CEOs for both of the Group’s businesses, one of which is Mike’s successor.
  • Expansion opportunities were unlocked, specifically in the USA.
  • Negotiated with banks for funding during critical stages of the business, such as COVID.
  • Assisted with a rebrand.
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