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March 13, 2019

Quick Reach poised for growth

Filed under: Latest News — EHN Team @ 12:04 pm

Quick Reach Powered Access has secured a £4.5m equity investment to facilitate its expansion.

Sourced from Mercia Fund Managers, it will allow the Manchester-based company to double its fleet of powered access equipment and continue its nationwide growth.

Founded in 2014 by brothers John and David Barton, Quick Reach now has depots in Manchester, Birmingham, Doncaster, East London and Wishaw. Its fleet of over 1,000 machines ranges from large telescopic handlers to smaller scissor lifts. The deal will give Mercia a minority stake in the business.

David Barton, pictured (left) with Mercia’s Jill Williams and John Barton, said: “With further investment in new equipment, and a more extensive distribution infrastructure, we are well positioned for further growth.”

The investment was sourced from Mercia’s EV Growth II fund, which makes investments of up to £5m in established and ambitious SMEs, looking to grow, with a focus on management buy-outs and development capital.

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