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.
This well-established scrap vehicle yard in Essex offers a unique opportunity to acquire a business with a significant stock of decommissioned parts and panels, alongside essential equipment such as forklifts and heavy demolition plant.
Opportunity to acquire a well-established engineering product and equipment distributor located in the heart of the West Midlands.
Presenting an exceptional opportunity to acquire a well-established specialist joinery business located in Southport, Merseyside.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.