Equistone Partners Europe Limited is known for being one of Europe’s leading mid-market private equity investors. The company has announced that they have invested in BFT Mast Climbing, which is a leading UK independent specialist for the specification, rental and installation of Mast Climbing Work Platforms, BFT Mastclimbing. Equistone has announced that their now have a majority stake in the company and have invested in the Mast Climbing company alongside the current CEO and founder of the business Robin Head. The financial terms of this acquisition are undisclosed.
BFT Mast climbing was first founded in Leighton Buzzard in 1997 and today has expanded to have a fleet of more than 650 motorised Mast Climbing Work Platforms. The business offers these platforms in order to deliver a cheaper, safer and more flexible alternative to the traditional scaffolding used on construction renovation and maintenance projects located around the UK.
The company operate out of their central spot in Bedfordshire, while their experienced team carries out the specification, delivery and installation of MCWPs. The platforms can be used for light, medium and heavy duty requirements as well as the necessary training for users.
Equistone Partners Europe has said that BFT Mastclimbing is an impressive family business which is run by an entrepreneurial management team that also operated in an unpenetrated market that has the potential for significant and rapid growth. The investment that has been made by Equistone will provide the further funding that BFT needs in order to increase their capacity and then expand their national coverage. The investment and expansion predicted by the company could help to convert more UK contractors to using the mast climbing technology on offer. This will allow the company to continue to offer a lower cost, safer and more flexible alternative to traditional scaffolding while looking to expand in the future.