Mastclimbing specialist finds backer for expansion

Aaron Morby 5 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

Welfare Hire Launches New ECO & Social Value Calculator

Mobile ECO welfare and lighting specialist takes the next step on their net-zero carbon journey with the launch of an industry leading sustainability calculation tool

Deanestor fits out new £14m Scottish school

Calderwood Primary is latest link-up with Morrison Construction
2 days ago
Deanestor

Offsite Solutions seals £4.2m pod deal from Midgard

Latest deal on £260m build-to-rent neighbourhood in Hove for Moda
2 days ago
Offsite Solutions

Positive results from first cement-free pile tests

Cemfree concrete plays vital role in latest ground engineering advance
2 days ago
Cemfree

FlowForma raises €4m and creates 70 new jobs

Software specialist helps construction companies with process change
2 weeks ago

Deanestor plays part in hospital fitout

Furniture specialist delivers at Scottish Highlands hospital
2 weeks ago
Deanestor

J S Wright lands latest package on huge estate regen

M&E specialist winds £9.6m deal on Hill Group site in Walworth
2 weeks ago
J S Wright & Co Ltd

Zutec offers help to fix the cladding crisis

Software solution helps assess legacy buildings, identifies remediation ensures work is done on properties
3 weeks ago
Createmaster

Ameon lands £10m M&E package from Willmott Dixon

Rochdale deal is building services specialist's first link-up with main contractor
3 weeks ago
Ameon

Offsite Solutions delivers final pods for £3.2m Berkeley package

London tower is latest collaboration between bathroom specialist and housing giant
4 weeks ago
Offsite Solutions

Causeway acquires asset management specialist Yotta

Latest deal makes data flow between contractors and local authorities easier
1 month ago

Ameon lands £6.2m high-rise contracts from GMI

Specialist to supply building services on two towers in Manchester
1 month ago
Ameon

HBS lands latest low carbon M&E deal from Wates

Work to start later this year on WInchester scheme
1 month ago
HBS Group Southern

Net Zero Buildings enjoys 300% jump in work pipeline

Carbon zero business booms after acquisition by Premier Modular
2 months ago

Taylor Hart expands northwards with new Leeds office

Drylining specialist continues growth plans to meet demand
2 months ago
Taylor Hart

Dunore look to shake-up utility sector

Start-up enjoys strong first nine months as it makes life easier for clients

Former Keltbray directors join demolition firm Downwell

Specialist contractor appoints Andy McClafferty and Mark Roberts to help growth push

British Gypsum cuts skim finish plaster setting time in half

ThistlePro FastSet Finish to improve productivity and efficiency on site
3 months ago
British Gypsum

Bluespot launches new Swedish inspired range

Furniture range perfect for whole host of settings
3 months ago
Bluespot Furniture Ltd

Strong demand sees Vivalda move to bigger premises

Non-flammable cladding distributor doubles its capacity
3 months ago
Vivalda Group plc

WOODSmith wins key contract with British Steel

North East contractor hails major deal as it continues expansion drive

Vac UK puts in another giant order for £10m of machines

20 new Longo Rhino excavators add to specialist's impressive fleet
3 months ago
Vac UK

Marchetti telescopic crawler cranes go electric

Versatile new models now available from UK dealer AGD Equipment Ltd
4 months ago

O’Donovan boosts fleet safety with Scania skiploader

Latest addition to fleet offers top level protection for other road users

Latest G&M safety system to stop falls down stairwells

Company acts after near miss involving its own operative
4 months ago
G&M Group

J S Wright bags £3.5m Bristol package

Building services specialist lands latest deal with house builder Hill
4 months ago
J S Wright & Co Ltd

Temporary works consultant IDH sets up housing design arm

New director to head up “one-stop-shop” housing division

Bluespot launches noise-busting designer acoustic panels

New easy-to-install panels can cut reverberate noise by 85%
4 months ago
Bluespot Furniture Ltd

J S Wright lands £7.25m Hounslow housing deal

Work to start this month on M&E package for Notting Hill Genesis and Hill Group
5 months ago
J S Wright & Co Ltd

Collett boosts wind turbine delivery fleet

Transport specialist acquires specialist machines from Plant Speed
5 months ago
Collett & Sons Ltd

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