Fri, 30 Apr 2010 | MBO/MBI
Direct mail company, Document Despatch, is aiming to "deliver profitable growth" and broaden its market offering, following its recent management buy-out.
Managing Director, Leigh Foster, acquired the Basingstoke-based company from its two retiring directors, with partners Doug Nichols and James Abrahart. The deal was financed, in part, by The Royal Bank of Scotland.
Abrahart is the chief executive of Altodigital, a £40m business that supplies digital print equipment, software and consultancy services.
Foster, who has been with the company for two years, said Abrahart's involvement will allow both businesses to benefit from the synergies each company brings.
"We are delighted to have completed the transaction and with James’s support, enthusiasm, and the many Altodigital synergies we are confident that we can deliver profitable growth through increased market share offering a high level of service and commitment," he said.
Foster intends for Document Despatch to work with Altodigital to cross-sell their respective products and services to their extensive client bases.
Abrahart said it was a great business opportunity and was looking forward to working with Direct Despatch.
He said: "The outsourcing of document fulfilment is a great fit for the customers and suppliers of Altodigital and has great synergy with our managed print services portfolio."
The company was established in 1987 and employs 30 staff. It currently has a turnover of £3m. It serves clients including those in the travel, local government, and publishing sectors.
Once a thriving online garden centre started in 2018, after an internal dispute the business stopped trading in 2022. In a space of just 3 years the business achieved £500k in turnover. This is a perfect opportunity for someone looking for a new...
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
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
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.