Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Tamlyn Jones

FastFit Nationwide undergoes MBO

A company which installs accessories into vehicle fleets has undergone a management buyout.

FastFit Nationwide was founded in 1990 and supplies commercial vehicle ply-lining, conversions and accessories from its branches in Bromsgrove and West Bromwich.

It has been bought out by managers Darren Smith and Paul Hickman and shareholder David Bradley from director David Fowler who has retired.

Terms of the deal were not disclosed.

James Hayes, a corporate and commercial law partner at MFG Solicitors, led the deal.

He said: "This was a major buyout for a widely respected company and employer here in the Midlands.

"It had to happen while FastFit traded as normal and I am delighted that customers will not have experienced any inconvenience due to the smooth and swift nature of the transaction which we helped them to complete in just eight weeks.

"Darren, Paul and David now have a tremendous platform on which to build and I am sure the company will go from strength-to-strength from 2020 and beyond."

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.