YFM Equity Partners (YFM) has backed the management buyout of Stacatruc – a forklift truck specialist with a 40-year pedigree – from private equity investor Merino Capital, which acquired the business in 2021.
Based in Thatcham, Berkshire, Stacatruc provides forklift hire, sales, maintenance and finance, and deals in both new and used machines, nationwide. The company is also Europe’s largest supplier of forklifts from leading global manufacturer, Clark.
According to a press statement, YFM’s investment will help to accelerate Stacatruc’s growth, as it continues to expand its geographical footprint and build upon its strong track record.
As part of the deal, Darron Cavanagh has joined Stacatruc as Chair. He has previously held leadership roles as CEO of VPS Group Security Services, Managing Director at Elliott UK, and Managing Director at ABird.
The YFM team included Investment Director, Matt Gordon-Smith and Investment Manager, Callum Long.
A team from Interpath, led by Neil Sumner and supported by Nick Hill, Reuben Taylor and Luke Thomson, provided lead sell-side M&A advisory to the shareholders, including Merino Capital, on the transaction. Arbuthnot Commercial ABL provided funding facilities alongside YFM’s investment to support the MBO.
Advisers on the deal included: James Cowper Kreston, Shoosmiths, Bishop Fleming Fairgrove, Cadence, Lockton, Catalysis and Sheridans.
