Terratruck is one of the UK’s largest power tool supply companies. This independent business specialises in selling, hiring, and repairing top quality power tools, small plant, and machinery.
Established in the 1970s, the Terratruck team now comprises 40 employees between the company’s Leicester head office and depots in Loughborough and Nottingham. The company prides itself on excellent customer service and a commitment to sourcing and delivering tools from reputable, leading manufacturers.
Having known & worked with Terratruck and its owner for 20 years, I was a trusted partner when discussing the details of the company sale. My main objective was to course correct the business, which was experiencing a slow decline, at a time when the incumbent shareholder was considering retirement and facing the challenges that go with business succession. After a change in ownership, I helped the company undergo a significant brand refresh to bring this established business in line with today’s market.
Steve has been a trusted business contact of mine for over 20 years. His knowledge and experience made him the ideal person to plan my exit strategy and retirement beyond Terratruck.
A consummate and highly detailed professional, Steve’s structure of the agreed sale provided me with the comfort I was seeking to know my retirement and the business were in safe hands. Steve brought much needed investment and new ideas into the company to ensure Terratruck had a secure future. Nine months on, I have witnessed the business continue to grow and prosper under new management.
I highly recommend a discussion with Steve when considering an exit strategy for your business.