Bishop Fleming has advised YFM Equity Partners on its investment in Stacatruc Limited, a forklift truck specialist with a 40-year pedigree.
YFM’s investment will help to accelerate Stacatruc’s growth as it continues to expand its geographical footprint and build upon its strong track record.
Phil Redgate, Corporate Finance Director at Bishop Fleming, led the transaction with support from Robin Kirkham Parry, Max Armstrong, Linda Simmonds, James Fisher and Hannah Thorogood. The team provided financial and tax due diligence advice to YFM.
Commenting on the deal, 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, added:
“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.”
Phil Redgate, Corporate Finance Director at Bishop Fleming, said:
“Stacatruc is a great example of how ecommerce trends continue to drive demand for logistics and related services. YFM’s investment is the latest of a number of logistics related deals that Bishop Fleming has advised on. We are delighted to have supported on the buyout of Stacatruc with our financial and tax due diligence services.”
Based in Thatcham, Berkshire, Stacatruc provides forklift hire, sales, maintenance and finance. Dealing in both new and used machines, the business delivers equipment and engineering support nationwide. It is Europe’s largest supplier of forklifts from leading global manufacturer, Clark.
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