Key Capital Partners invest £5m supporting equity release to shareholders of Commhoist Logistics
Key Capital Partners has completed a £5m investment in specialist mobile telecoms logistics provider Commhoist Logistics (Commhoist). The Cheshire based company is the market leader in the provision of end to end managed logistics services to the mobile telecoms industry.
Commhoist was founded over 20 years ago by current shareholders, CEO Bob Kerslake and Operations Director Dave Carsley. The company plays an essential role in the new build, upgrading, decommissioning and maintenance of core telecoms infrastructure, ranging from large scale mobile masts to smaller city centre base stations. The business has been involved in all previous roll-outs of core mobile infrastructure and finds itself perfectly poised to capitalise on the impending rollout of 5G.
The deal sees KCP acquire a significant minority stake in the business that employs 70 staff. Both Bob Kerslake and Dave Carsley will remain in their current roles, being joined by Commercial Director, Wayne Brierley. James Hall, Managing Partner at KCP, who led the investment team alongside Matt Tice, will also join the Board.
Managing Partner James Hall commented: “Bob and Dave have built a fantastic business which has an enviable reputation in the market for the quality of its service and its expertise in the mobile telecoms market.
"Commhoist is superbly positioned to continue to grow and further broaden its services in a market that is set for explosive growth over the next few years. We very much look forward to working with the team and being involved in what should be a very exciting phase for the business."
Bob Kerslake, CEO of Commhoist Logistics said: “We are delighted to welcome KCP into the Commhoist family and are looking forward to their strategic support and backing, to help us grow the business and make the most of the exciting opportunities to come.”
Sean Fitzgerald of Ward Hadaway provided legal advice to KCP with Rob McCarthy of RSM providing financial due diligence. Commhoist and its shareholders were advised by Sonio Singh of Davis Blank Furniss with Peter Shaddick of EK Williams providing corporate finance advice.
KCP continues to be an active investor, making equity investments of between £3m and £15m and has a strong reputation for deliverability as well as a track record of producing outstanding returns for its investors.