Total Capital Partners has completed the management buyout of critical communications provider Radiocoms, marking the independent sponsor’s third deal in the past nine months.
Headquartered in London and with regional offices in Swansea, Ashford and Manchester, Radiocoms specialises in the design, engineering, deployment and maintenance of highly resilient voice, video and data communications networks.
Radiocoms services complex, mission-critical environments including the defence and emergency services sectors, national critical infrastructure providers, airports and energy customers.
The business achieved turnover of £38.7m at double-digit EBITDA margins in its latest accounts.
Total Capital’s investment provides the backing for chief executive Mark Blythe to lead a management buyout from the two other founding shareholders, who have exited in full.
Total Capital has backed a plan to accelerate the growth of the business both organically and via acquisition. A targeted buy-and-build plan is already in place, and additional funding support is committed to back this growth.
Westbrooke Alternative Asset Management and Kvika’s UK private equity platforms are Total Capital’s co-investors. OakNorth Bank provided debt funding for the transaction as well as acquisition facilities to support the buy-and-build plan.
Mark Blythe, chief executive of Radiocoms, said: “This is a very important milestone for Radiocoms.
“Demand for complex and resilient communications systems has never been greater, and as a result of this investment from Total Capital, we are now extremely well-positioned to accelerate our growth, expand our capabilities and continue to deliver outstanding solutions for our customers. Total Capital’s partnership approach and success in supporting ambitious growth strategies made them a natural partner.”
Paul Brown, partner at Total Capital, said: “Mark Blythe and the Radiocoms team had built “the clear market leader in the critical communications sector”.
“We look forward to supporting the team as they continue their strong growth trajectory and develop the business into the leading market consolidator in the UK and Europe.”
Natalie Eastham, managing partner at Total Capital, added: “Radiocoms is a hugely exciting addition to our portfolio and reflects the excellent energy and momentum across the Total Capital platform, with three deals completed in the past nine months and continued investment in our team and capabilities.
“We are thrilled to be partnering with Westbrooke and Kvika, both of whom share our passion for the UK lower mid-market, and together we look forward to supporting Radiocoms as it scales.”
The transaction follows a period of strong activity for Total Capital, including the successful exit of Outco in July 2025, which tripled in size, having completed five strategic acquisitions and diversified significantly during Total Capital’s ownership.
In October 2025, Total Capital backed the successful re-platforming of Weird Fish to create the Auralis buy-and-build platform.