Stirling-based Train’d Up undergoes management buyout

Alternative finance provider to mid-sized SMEs, ThinCats, has provided a debt facility to support Chiltern Capital’s management buyout of Bridge of Allan-headquartered Train’d Up Railway Resourcing.
Established in 2003, Train’d Up is the UK’s largest provider of rail apprenticeships and a fast-growing provider of engineering apprenticeships, ranking first nationally among large training providers by learner attainment rates.
Founded by David Gillespie and Paul McGlynn, the business supports over 1,300 learners and has maintained sector-leading quality outcomes whilst successfully scaling its learner and customer base of blue-chip engineering firms and the UK’s leading train operating companies.
Alan Wilson joined the business as Managing Director in 2022 and has led the business in scaling its fast-growing hybrid engineering offering. Chiltern is backing Alan and the experienced management team to support the next phase of growth, building on the strong platform established by David and Paul, who are stepping back as part of a planned retirement. As part of the transaction, experienced PE and apprenticeship business leader, Ben Pike, will join the Board as Non-Executive Chair.
Alan Wilson, managing director of Train’d Up, said: “We’re incredibly proud of the reputation Train’d Up has built as the largest provider of apprenticeships in the rail sector and we are excited by the momentum we have built in our engineering offering.
“Partnering with Chiltern gives us the strategic support we need to accelerate growth while maintaining our commitment to high-quality delivery and learner outcomes.”
Andrew Reid, investment manager at Chiltern Capital, added: “Train’d Up is a standout provider in the vocational training space, with a clear track record of quality and delivery. We’re delighted to be backing Alan and the team as they continue to scale the business and address critical skills gaps in key sectors of the UK economy.”
Gareth Read, director, ThinCats, said: “We’re delighted to have supported Chiltern on this transaction. Train’d up is a fantastic business, and with the backing of Chiltern, Alan and his expert team are well positioned to accelerate growth. We’re excited to be part of the journey and see them go from strength to strength.”