Mastclimbing specialist finds backer for expansion

Aaron Morby 7 years ago
Share

The founder of independent specialist BFT Mastclimbing has sold a majority stake in the business to UK private equity firm Equistone Partners Europe.

New build mutli-storey housing and recladding market is growing fast
New build mutli-storey housing and recladding market is growing fast

The investment deal will help £6m turnover Leighton Buzzard-based BFT press ahead with plans to expand both its motorised mast climbing work platforms fleet and operations.

Remaining shares in the business will continue to be held by founder and chief executive Robin Head.

He said:  “We’re staunch believers in the benefits provided by our mast climbing platforms, on projects ranging from short-duration maintenance work to complex, long-term builds requiring 50-plus machines.

“This investment from Equistone will provide a major boost to our scale and capacity to deliver a lower-cost, safer, and more flexible alternative to traditional scaffolding.

“As we look to further grow the business over the coming years, the entire team remains committed to maintaining the qualities of service and reliability for which we have been known to date.”

Founded in 1997, BFT Mastclimbing runs a fleet of over 650 motorised MCWPs as a more flexible alternative to traditional scaffolding on construction, renovation, and maintenance projects nationwide.

Dominic Geer, Partner at Equistone Partners Europe, said: “Equistone’s investment will provide the funding that BFT requires to increase its capacity and further enhance its national coverage, as well as the impetus to convert a greater share of UK contractors to the advantages of mast climbing technology.”

 

Latest suppliers & buyers news

Latest networking event for industry young professionals

Register now event organised by JCT, CIOB and RICS
2 days ago

RVT offers trio of new ways to stay safe on dusty sites

Specialist offers latest range of dust control systems
2 days ago
RVT Group

Knauf Insulation adds a UK-first to rainscreen range

Rocksilk RainScreen Slab EE gives specifiers a solution to exposure problems
3 weeks ago

New office for Deeside Timberframe

Expanding specialist grows to meet demand

SRL gains compliance for latest portable traffic signals

UltraLight achieves TOPAS 2540A accreditation
4 weeks ago
SRL Traffic Systems

Luxury Liverpool student scheme saved from administration

J3 Advisory plays key role in completing £60m scheme
1 month ago

Construction recruiter continues to expand

Fawkes & Reece acquires Venture Contracts Ltd
1 month ago

Sika launches new sealant for tanks and silos

Highly robust sealant keeps tanks leak-free
2 months ago
Sika Limited

JCT latest contracts release date revealed

Update on 2024 Edition of the Standard Building Contract
3 months ago

Offsite Expo to showcase industry best practice

Event to be held in Coventry in September
3 months ago

Bricklayers get new masonry fixings training course

New initiative from the Association of Brickwork Contractors. Grayson and Rawlplug
3 months ago
Grayson (GB) Ltd

Data Hub helps Morrissroe manage concrete info

Latest Converge technology improves efficiency for specialist contractor
4 months ago

Gallagher turns to Groundforce for storage tank

19 heavy-duty Premier Trench Boxes supplied on school site
4 months ago
Groundforce

CSCS Industry Accreditation renewal deadline passes

Grandfather rights cards to expire by end of year
5 months ago

Kilkern wins drainage deal at £480m green energy plant

Package win at at the Lostock Sustainable Energy Plant in Cheshire
6 months ago
Kilkern

Quest now offers latest industrial vacuum system

Waste management specialist broadens its range
6 months ago
Quest Waste Management

ROCKWOOL launches Fire Barrier EN

Preventing fire spread and inhibiting the passage of smoke in concealed spaces
6 months ago

Conquip BulkX makes site excavations easier

Specialist can make life easier for civils contractors

SRL appoints Mark Eburne as CEO

New leader at traffic management specialist
6 months ago
SRL Traffic Systems

Trio of new products from Altrad RMD Kwikform

Latest solutions will make life easier for contractors
7 months ago

Walker Modular lands £5m bathroom pod contract

Specialist to work with Graham and Watkin Jones on major build-to-rent scheme
7 months ago
Walker Modular Limited

JCT launches latest contract updates

Design and Build Contract 2024 Edition now out
7 months ago

New MD at Quest to drive company growth

Specialist services contractor appoints Clive Leadbetter
7 months ago
Quest Waste Management

IBMG raises funds for further expansion

£650m revenue Independent Builders Merchant Group looks for more acquisitions
7 months ago
IBMG

New Knauf rainscreen cavity systems make life easier for specifiers

Rocksilk RainScreen Cavity Systems launched
8 months ago

Go Smart card checks set to end within days

Contractors should move to CSCS Smart Check as soon as possible
8 months ago

Milbank delivers precast floors on 100% renewable fuel

Delivery and installation of precast concrete hollowcore floors using only Hydrotreated Vegetable Oil

AGD suppliers latest crawler cranes for HS2

Buyer Total Plant Ltd puts two Sennebogen machines to work in Birmingham
8 months ago
AGD Equipment Ltd

LDD Construction acquires Drill Masters

Latest deal for diamond drilling specialist expands presence in East of England

Firm Quick Find

Join Now

Sorry, there was a problem with the details you have entered. Please review the highlighted fields.

Sorry, this email address has already been registered.

Top searches

Contractor services