Regent Assay Corporate Finance has acted on behalf of the shareholders of Firstserve Group Limited on the sale of the business to Rema Tip Top Holdings UK, the UK arm of Rema Tip Top, a global provider of services and products in the field of conveying and treatment technology.

Located in Nuneaton and with a history dating back more than 4 decades, Firstserve is a leading owner managed distributor of workshop consumables and tools throughout the UK, trading under the names of Quest Consumables, Force and FST Consumables.

Its key advantage is excellent service, with a guaranteed 24-hour delivery offering to customers who operate manufacturing facilities and workshops all over the UK. It offers an extensive range of over 7,000 products including aerosols, lubricants, fasteners, hose clips and clamps, hand care products etc.

Firstserve was advised by Guy Hemington and Chris Taylor from our Birmingham team.

Geoff MacArthur, CEO of Firstserve Group who is staying with the business commented: “As is often the case the transaction took longer than we hoped with various twists and turns. Assay supported us with remarkable resilience and we were very pleased with their handling of the transaction.”