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FRP Corporate Finance has advised Mayday Office Equipment Services on its acquisition of Norfolk Copiers.
Norwich-based Mayday is an independent provider of Managed IT services and Print Management solutions, supplying the latest technology on behalf of many of the world’s “leading” manufacturers.
Established in 1985, Norfolk Copiers has nearly 40 years’ experience providing businesses with the “latest” technology to meet their business needs. From printers and copier servicing, sales and hire, they supply, install and support proven, reliable products from the most trusted manufacturers.
Led by partner James Cooper and supported by directors Jo Price, Matt Field and assistant manager Lydia Kelsall, FRP Corporate Finance’s Norwich team was appointed as lead buy side advisors to Mayday.
Working across the corporate finance and financial advisory pillars, the FRP team collaborated on all stages of the deal process from analysing the target’s financials, formulating an offer, negotiating Heads of Terms, providing financial due diligence and ultimately leading the transaction to a “successful conclusion”.
Cooper said: “We are extremely pleased to have supported Mayday to execute this acquisition which strengthens its position in the local managed print market. The deal represents the start of an exciting new era for Norfolk Copiers and will bring significant operational benefits to Mayday as it increases its market share and positions itself for further growth.”
Karen Aldred and Adam Northcut at Mayday added: “This deal represents a key milestone for Mayday as we continue to grow the business. The advice and support received from FRP’s Corporate Finance team was very professional and their expertise ensured a smooth transaction from start to finish.”
