A management team led by Tony Smyth has successfully acquired Maxico Limited, a national supplier of pre-packed workshop consumables and hand tools.

Springboard Corporate Finance acted as lead advisor on the transaction helping the management team to negotiate the deal and secure an appropriate funding package.

Justin Sparks, Director of Springboard, commented, "Maxico, under the stewardship of Tony, has gone from strength to strength. The funding package from Venture Finance has enabled the businesses to secure its independence and will enable Tony to continue to grow the business".

Posted: 06/10/2008