Railpen, one of the largest pension managers in the United Kingdom responsible for managing £34 billion ($46 billion) of assets on behalf of more than 350,000 members, has acquired Horizon Ceremonies, a U.K.-based operator and developer of crematoria, from Maven Capital Partners. Financial terms were not disclosed.
Founded in 2016, Horizon operates three modern, high-quality crematoria near Glasgow and Birmingham. The company has a strong pipeline of greenfield development sites in underserved areas across the United Kingdom. Railpen said Horizon represents an important addition to Railpen’s infrastructure holdings and aligns with its strategy of identifying and supporting businesses that address structural gaps in essential services. The acquisition also expands Railpen’s footprint in the U.K. crematoria market.
“The United Kingdom is facing a clear demographic need for new, high-quality crematoria, and Horizon’s award-winning track record and commitment to s
