After many months of negotiation, we are extremely pleased to announce that Quick Reach has secured a new funding facility.
John Barton, Director and Co- Founder of Quick Reach states, “After having worked with RBS for many months in applying the methodology around the capital investment we can now successfully continue to expand our Powered Access Business. We are pleased that RBS recognizes the strength of the Quick Reach business and sees the full potential in its future growth. Going forward, our partnership with the Mercia management team will focus on continuing to invest behind the growth of Quick Reach through continuing to develop industry-leading service and pursuing the possibility of the acquisition of other leading powered access companies.
David Barton, Director and Co-Founder, has said, “With RBS’s involvement, we are well-positioned to continue to grow the Powered Access and Telehandler business in more locations. With further investments in new equipment, distribution infrastructure, we remain committed to delivering the broad offering and value-added customer support that our customers/partners and end-users have come to expect from us.”
This new agreement provides the business with the working capital to develop and grow, it provides some security should the market continue to be volatile. We are confident that the management team at QR have the skill-set and desire to make Quick Reach a continued success in 2020 and beyond.
We look forward to the challenges ahead and thank our customers and everyone within the business including Mercia Asset Management for your hard work and continued commitment and support.