Accounting firm advises private equity company on management buyout
Audit, accountancy, tax, and advisory firm Bishop Fleming has advised YFM Equity Partners on its investment in a forklift truck specialist.
YFM’s investment aims to accelerate Stacatruc’s growth as it expands its geographical presence and builds on its strong performance.
Based in Thatcham, Berkshire, Stacatruc offers forklift hire, sales, maintenance, and finance services.
It deals in both new and used machines and provides nationwide equipment and engineering support.
Phil Redgate, corporate finance director at Exeter-based Bishop Fleming, led the transaction with assistance from Robin Kirkham Parry, Max Armstrong, Linda Simmonds, James Fisher, and Hannah Thorogood. The team provided financial and tax due diligence for YFM.
Paul Vousden, Stacatruc joint managing director, said: “YFM have paved the way for the next phase of our company’s journey. Their financial and strategic support will enable us to realise our ambitions faster, as we seek to provide the best, most cost effective solutions for a growing number of customers, across a wider territory.”
Matt Gordon-Smith, YFM investment director, said: “As an investment prospect, Stacatruc demonstrated a winning combination of longevity and ambition. We are excited to be backing a management team who are highly entrepreneurial and have delivered growth by responding successfully to market conditions and live acquisition opportunities. We look forward to supporting the team as it builds upon this success.”
