FRP Corporate Finance advised Managed Print, IT and Hosted Technology services provider, 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 manufactures. Forging strong relationships with a range of companies from small family run businesses through to multinationals, they specialise in multifunctional device (MFD) sales, repairs and full IT helpdesk and support.

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 buyside 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.

The acquisition has strengthened Maydays’ future growth prospects with Norfolk Copiers working alongside its existing Managed Print business.

James Cooper, Partner at FRP Corporate Finance in Norwich 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 said: “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.”