HTG Trading, the foodservice equipment distributor based in Great Blakenham near Ipswich, has been acquired by its current CEO, Simon Aspin and Managing Director, Pete Gray.
HTG has over 40 years’ experience supplying equipment to the catering industry. It’s core brands, Taylor (soft serve machines, frozen drinks machines, gelato making machines) and Scotsman (Ice machines) are the premium equipment brands in their sectors. HTG offers an unrivalled after sales support package from their Customer Service and Support Centre. Because of this, over recent years the firm has attracted additional OEM partners from abroad including Frigomat, Friulinox, ISA, Pratica Technicook and TurboChef.
Despite the recent COVID pandemic which saw many of their customers close for significant periods, the firm are now in a strong position and are delighted to be taking this step forward.
Mark Whittaker, Partner who advised Simon Aspin and Pete Gray alongside Andrew Cooper said “It was a real pleasure to assist Simon and Pete in this, the next phase of the business’ lifecycle, and we look forward to seeing their continued success. Also, great to be working alongside Rob and the team at Forward once again”.
Forward Corporate Finance, led by Director Rob Dukelow-Smith, acted as the lead advisor. Funding for the transaction, including additional working capital was provided by Matt Holloway and Danny Muir for investment manager Triple Point and tax advice came from Chris George of Scrutton Bland.
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