Rowan Exit Stories ~LDC successfully exits SRL after £24m investment~

*Rowan Exit Stories*

~LDC successfully exits Rowan client SRL Traffic Systems after £24m investment~

Rowan has worked closely with SRL over a number of years, appointing a number of key hires: CFO Mike Marrison, CFO Designate John McLaughlin and Marketing Manager Stuart Coleman.

LDC’s John Clarke said: “Richard [Richard Tredwin: CEO and now Non-Exec Chair] and his team have taken SRL from strength to strength, investing in every area of the business from talent and R&D to marketing and sales.

“And their success is plain to see, with a series of even more new product launches already on the horizon. We’re excited to see the business continue on its impressive trajectory in its new partnership.”

SRL’s revenues have grown by 72 per cent, up from £18.4m in FY19 to £31.6m in the current financial year, and headcount has increased from 140 to 182.

Read the full story here: