Wed, 27 Jan 2016 | BUSINESS SALE
Fast Technology has completed the sale of its business to Pinnacle Office Equipment following a lengthy preparation period.
Joe Schupper, owner of Fast Technology, contacted business brokers Avondale two years ago to kickstart the sale process. He worked with the company to increase the market value of his firm and ensure he made a strategic exit which achieved his desired valuation.
Ultimately, nine offers came through and Pinnacle Office Equipment Ltd were identified as the strongest party.
Mr Schupper commented: “I am delighted with the sale. From day one Avondale helped me increase the value of my business. Over two years they worked with me to increase my profit levels and ensure the company was as desirable as possible to a buyer. During the sale process they leveraged every opportunity to drive sale value even further.”
For Pinnacle, the business purchase looks set to help them diversify their product offering and provide them with a London hub.
Fast Technology is a managed print services provider, offering services including supply, maintenance and support from single printers to multiple site networks.
Advanced planning ahead of a business sale – like that undertaken by Joe Schupper with Avondale – is the key to maximising the returns generated from a business sale. Our subscribers can read more about this in our February edition of the Business Sale Report.
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