Equistone Partners Europe has announced the acquisition of a majority stake in BFT Mastclimbing.

Under Equistone's ownership, BFT will accelerate its growth in the UK's market for mastclimbing platforms, through the expansion of both its fleet and operations.

Founded in Leighton Buzzard in 1997, BFT is a UK independent specialist for the specification, rental, and installation of Mast Climbing Work Platforms (MCWP), maintaining a fleet of over 650 motorised MCWPs to provide a cheaper, safer, and more flexible alternative to traditional scaffolding on construction, renovation, and maintenance projects.

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Robin Head, CEO and Founder of BFT Mastclimbing, said: "We're staunch believers in the benefits provided by our mast climbing platforms, on projects ranging from short-duration maintenance work to complex, long-term builds requiring 50-plus machines.

"This investment from Equistone will provide a major boost to our scale and capacity to deliver a lower-cost, safer, and more flexible alternative to traditional scaffolding. As we look to further grow the business over the coming years, the entire team remains committed to maintaining the qualities of service and reliability for which we have been known to date."

Dominic Geer, Partner at Equistone Partners Europe, said: "Equistone's investment will provide the funding that BFT requires to increase its capacity and further enhance its national coverage, as well as the impetus to convert a greater share of UK contractors to the advantages of mast climbing technology.

"We're delighted to be working with Robin and his talented team, and to be supporting the business through this next, exciting phase of its growth."

(LM)