Wed, 22 Jan 2020 | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Mintsoft Limited has been acquired by software firm The Access Group.
Founded in 2011, Mintsoft offers services including order management, shipping management and 3PL fulfilment accounting, using cloud technology to help its many clients despatch packages every year.
With the acquisition, Colchester-headquartered The Access Group hopes to extend its current offerings and to increase its market appeal.
Mintsoft managing director and founder Luke Groves commented: "With the growth of ecommerce, Mintsoft has worked hard to provide companies with efficient and affordable fulfilment solutions and I am very proud of what my team - and the company as a whole have achieved.
"Now established as a market leader, we are delighted to embark on this new chapter, and hope that Access’ acquisition will open up new opportunities for all involved."
Advisors Birketts helped on the transaction, with a team lead by Adam Jones and James Stocker with support from John Kahn and Clare Barlow.
Birketts’ Adam Jones said: "The UK has seen rapid growth of ecommerce take place across the business community, requiring excellent order management solutions, which Mintsoft have developed with great success.
"Birketts were particularly delighted to support Luke and Mark on this transaction, they have achieved so much in a short space of time and now, as part of the Access Group, both Mintsoft and Access will be able to expand so much more."
The sellers were advised by Paul Short and Richard Thomson of Lambert Chapman regarding the sale’s accounting and financial issues.
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a lucrative opportunity to acquire a well-established plumbers and heating merchants business with a strong market presence, specialising in building, plumbing, and timber supplies.
Here's a rare chance to acquire a financially robust builders merchants business with a strong foothold in Merseyside.
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
16
|
Sep
|
Capita sells payments business at 14.2x EBITDA | BUSINESS SALE
Business outsourcing firm Capita has agreed a deal to sell r...
Business Sale Report is the complete resource for finding genuine 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.