London-based Fast Technology operated as a one-stop facility delivering comprehensive solutions encompassing supply, maintenance, and support to diverse clientele.
Avondale strategically collaborated with key shareholders through its value builder service to ready the company for sale over a period of two years. This process involved reducing reliance on the owners by strengthening the second-tier team, creating a sales methodology, and diversifying revenue streams . Additionally, Avondale conducted vendor due diligence, streamlining contracts, and mitigating potential buyer pitfalls. As a result, the business’s headline value surged by over 50%.
Subsequently, Avondale began the process of marketing the business to potential buyers. By showcasing the company’s recurring revenue streams and promising long-term growth prospects., Avondale garnered interest from over 30 potential acquirers. Utilising a confidential data room, Avondale facilitated multiple offers and conducted an auction process, culminating in Pinnacle Office Equipment emerging as the successful bidder.
Sale Preparation and
Sold to
“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 buyers.
During the sale process Avondale leveraged every opportunity to drive sale value even further. I wouldn’t hesitate to recommend Avondale.”
Joe Schupper – Managing Director