Technocopy, one of the UK’s largest independent suppliers of copiers, printers and multifunction printer technologies, has been acquired by Brad Piercewright, the owner of Anglotech Solutions. Its board of directors includes England rugby union captain and Northampton hooker Dylan Hartley and Stephen Etheridge of the Northampton Saints foundation.
Clive Owen LLP, which has offices in Darlington, Durham and York, led the transaction and introduced ThinCats, which provided finance for the deal.
Brad Piercewright has extensive experience in the sector as, after his retirement from professional football (he played for QPR, Darlington and Northampton Town), he set up a successful copying and printing services business in Northampton with guidance from Brad Woods, who launched Technocopy in 1992.
David Wilson said, ‘Brad Piercewright’s solid track record in the sector, allied with Brad Woods remaining as the firm’s chairman, puts Technocopy in pole position to achieve its ambitions for growth.
‘It is professionally very satisfying to help facilitate the buy in to a business of Technocopy’s calibre and reputation by such a go ahead and passionate entrepreneur.’
Brad Piercewright, Technocopy’s managing director, said: ‘I am grateful for the exemplary advice and support from Clive Owen LLP and ThinCats, which have helped make my acquisition of Technocopy possible.
‘The combination of Technocopy’s excellent business foundations and my knowledge of the copying and printing services industry provide a strong platform for future development.’
Brad Woods said, ‘It was important to me that the firm’s first rate business credentials are maintained and Brad’s knowledge of the business, and the sector in which it operates, will make sure that it continues to grow.’
Ben Kimball, Director, Regional Development for the North East, ThinCats: ‘I am delighted to support Brad’s acquisition of Technocopy with a bespoke funding deal. Brad’s ambitious growth plan combined with Technocopy’s established brand promises sustainable growth and we wish the team every success.’