Rcapital has announced the sale of Trac Precision Solutions (TRAC), a UK-based provider of precision-machined components serving the aerospace, defence and power generation sectors, to India’s PTC Industries Ltd, a prominent player in the engineering industry. The acquisition follows TRAC’s remarkable turnaround, which saw the company return to profitability and achieve sustained growth.
Rcapital took ownership of TRAC in 2022 after a period of underperformance under its previous US corporate and private equity owners. As an independent entity, TRAC underwent a comprehensive transformation under the leadership of Managing Director Liam Bevington. Key changes included operational restructuring and the establishment of a new corporate identity to emphasise its independence and renewed focus.
Significant investment in innovation, particularly in upgrading machinery, was a cornerstone of TRAC’s revival. The company leveraged these advancements to maintain strong relationships with its blue-chip client base while securing new orders, reflecting its reputation for operational excellence and cutting-edge engineering. These efforts resulted in sustainable revenue growth and a solid return to profitability over the past two years.
Rcapital’s strategic support and targeted investments positioned TRAC as an attractive acquisition target for PTC Industries, which is known for its expertise in advanced engineering solutions. This acquisition will likely enable TRAC to further expand its capabilities and market reach under PTC’s global leadership.
