Fri, 10 Jan 2020 | BUSINESS SALE
Teesside-based management consultancy firm Headway Point has acquired Cumbrian online catering supplier RG Distributors.
RG Distributors has two warehouses which total 20,000 square feet and specialises in supplying commercial catering equipment online.
Following the acquisition, Headway Point founder Duncan Evershed will seek to grow the combined business to achieve revenue of £10 million over the next five years.
"Supplying catering equipment using an online platform is a new venture for me, but I can see huge potential," Evershed commented. "The business is well structured has a great model that can be further improved to enable growth.”
Headway Point worked on the deal with accounting firm Anderson Barrowcliff, who negotiated and structured the deal. RG Distributors was advised on the sale by Benchmark International.
Discussing the process of acquiring RG Distributors, Evershed said: "While the process been stressful at times, working with Anderson Barrowcliff, along with Archers Law, enabled me to conduct extensive market research knowing the legal and financial due diligence was in safe hands.”
“The Anderson Barrowcliff team also supported me to secure the necessary funding to provide stability while I grow the business."
The Headway Point team in Teesside and RG Distributors team in Cumbria are now co-working via a virtual office and Evershed has said he plans to establish a local office and expand the teams in both locations.
Evershed established Headway Point in 2012, with the accounting firm specialising in the strengthening and growth of small- to medium-sized enterprises.
Long established, fully equipped and profitable bakery in an area of Somerset that is enjoying further development. Serving both local residents and commercial clients with their wonderful array of breads, cakes and pastries. Occupying a prominent lo...
LEASEHOLD
Offers an extensive range of fresh products and is held in high regard within its sector for the consistently high quality of its services. Operates from ideally located premises, benefitting from a high volume of footfall and a prestigious setting....
LEASEHOLD
Group of 3 sandwich shops for sale based in Gloucestershire. During periods of Covid restrictions the business is allowed to continue to trade as take-away and delivery.
LEASEHOLD
|
27
|
|
Oct
|
Dog treats company acquired by Spectrum Brands | BUSINESS SALE
Nottingham-based pet treat and toy maker Armitage Pet Care h...
|
26
|
|
Oct
|
Legal & General sells personal investing business to Fidelity | BUSINESS SALE
Legal & General Group has agreed the sale of its personal in...
|
23
|
|
Oct
|
Worcestershire carpet maker secures £218m acquisition war chest | BUSINESS NEWS
Worcestershire-based carpet maker Victoria has secured inves...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources