March 2008 Cavalier Fasteners
Practically twelve months to the day of completing the BIMBO of TFC PLC, Martin Clarke and the team have secured acquisition number one of the buy and build strategy which BlueSky Corporate Finance have assisted them in formulating.
Midlands based Cavalier Fasteners sell a slightly different type of fastener to a different customer base to TFC which opens up a world of synergistic possibilities to the group. This on the back of a year that has seen TFC beat its initial forecast and open depots in strategic positions around the country paints an optimistic picture for TFC.
The deal was funded by Clydesdale bank and legal advice was given by Leeds firm, Lee and Priestley.
TFC has benefitted significantly from 2 deals that would not have happened without BlueSky. Their positive attitude, friendly, professional, and tenacious approach, enabled seemingly impossible obstacles to be cleared in time for successful completions.
Martin Clarke - MD TFC plc