Printing business acquires counterpart

Tue, 30 Oct 2018 | BUSINESS SALE



A Coventry-based printing services business, with the likes of working with Samsung, Duplo and Konica Minolta, has been snapped up its counterpart – one of UK’s most prominent independent suppliers of printer and copier technologies.

Business by Technology (BBT), which also has offices in Greater Manchester and Norwich, has acquired Technocopy Solutions, a company headquartered in Wellingborough, after securing a £7.4 million investment package from Clydesdale and Yorkshire Banks. Technocopy Solutions is anticipated to provide BBT with numerous avenues of growth due to the increased customer base, revenue streams and solidification of its strong position in the market.

The money is expected to fund a five-year push by BBT to become a company with a £20 million turnover.

Phil Runciman, BBT’s founder and owner, said: "Clydesdale and Yorkshire Banks came up with an innovative opportunity, which other banks just couldn’t compete with.

"They invested a great deal of time in really understanding the business, were open and transparent throughout the process and delivered the deal at the pre-agreed terms."

BBT was established in 1995 and started off manufacturing and selling multifunction printers. In 2016, it successfully completed the acquisition of Eastern Business Systems in 2016 for a sum of £4.4 million.

Senior director of corporate and structured finance at Clydesdale and Yorkshire Banks, Ian Fairclough, commented: "It's an exciting time for the business and we're thrilled to be able to be involved in its growth and development.

"We pride ourselves in fully understanding our customers businesses and their objectives to ensure we offer a flexible solution that meets their financing needs."

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Automatic Gearbox Specialists
Erith, Kent, South East, UK

Well-prepared with a spacious fully-equipped premises, private and commercial client list and brilliant financial backing, any new owner could easily lead this business to fulfil its potential. Knowledgeable, expert staff. Variety of specialist servi...

Asking Price: £400,000
Turnover: £700,000

LEASEHOLD


Appliance Repair Service
Carrington, Manchester, North West, UK

The business for sale repairs, services and sells a variety of both industrial and domestic appliances such as, fridges, freezers, cookers etc. Impressive Financial Figures. Well-Established. Great Reputation. Friendly and Professional Service. High...

Asking Price: £89,950
Turnover: £345,287

LEASEHOLD


Auto Repair Garage
Wimbledon, London, UK

Established in 1988, garage repair business based in Wimbledon, South London. Database of approximately 1,500 customers. Genuine reason for sale. Offers invited.

Asking Price: £330,000
Turnover: £344,000


View more businesses for sale

News Search

Latest News

 
05
 
Jun
 

Azzurri Group exploring options for sale | BUSINESS SALE

Azzurri Group has engaged advisers to explore a potential sa...

 
04
 
Jun
 

Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS

The Restaurant Group, which owns chains including Frankie & ...

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources