Springboard are delighted to announce that they have advised serial entrepreneur Stuart Whitehouse on the acquisition of Flotronic Pumps.
Established in 1981, Flotronic Pumps is a manufacturer of air-operated double diaphragm pumps for the food, beverage, dairy and pharmaceutical industries. Flotronic’s products are uniquely designed for rapid disassembly to enable efficient inspection, maintenance and replacement of parts to reduce downtime for customers.
Flotronic was acquired by Stuart Whitehouse, a long term client of Springboard in a deal was funded by Arbuthnot who provided an invoice discounting, plant and machinery loan and a cashflow loan.
Springboard Partner David Neate and Manager David Lee advised Stuart Whitehouse on the acquisition. David Neate commented “Flotronics is a highly successful long-standing UK manufacturer with a strong reputation in both its home and overseas markets. We recognised the importance of this legacy to the vendors through focussing on building empathy with the sellers and delivering a funding package which was structured conservatively. In the capable hands of Stuart, the business will continue to build on its legacy.”
Stuart Whitehouse, Director - Flotronic Pumps
Having identified the business I wished to acquire, Springboard provided in preparing a formal business plan, identifying potential lenders and securing the necessary finance. They also provided practical and helpful advice throughout the process. I have used them for both a business sale and an acquisition and they have proved equally adept at both.