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Benchmark International Successfully Facilitated the Transaction Between Fuelsoft Limited and Rose Street Partners Limited
August 15, 2024
Benchmark International is pleased to announce the acquisition of Birmingham-based Fuelsoft by London-based Rose Street.
With 38 years of fuel distribution experience, Fuelsoft is a provider of enterprise resource planning (ERP) software and services to the fuel distribution and fuel payment card sectors. It administers 16.4 million litres of fuel every 24 hours and circulates 600,000 fuel cards worldwide.
Rose Street is a long-term focused investor dedicated to preserving the legacies of the companies it acquires, holding businesses forever. The company invests in niche, market leading private companies in the UK and Ireland, with a focus on profitable businesses operating in stable or growing industries.
Fuelsoft marks Rose Street’s first acquisition, with a significant pool of permanent, committed capital remaining for future investments across a range of sectors.
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Fuelsoft founders, Bob Taylor and David Kingsman said: “We are thrilled to join forces with Rose Street. Their commitment to preserving our legacy and supporting our growth aligns perfectly with our vision for the future. This acquisition marks an exciting new chapter for Fuelsoft, and we look forward to continuing to deliver an exceptional service to our clients with the added resources of Rose Street.
“We would like to extend our thanks to Benchmark International for their invaluable assistance throughout the process.”
Dan Skyte, Rose Street’s Founder and CEO commented: “This marks a significant milestone for Rose Street, and we couldn’t be happier with Fuelsoft as a first investment. It absolutely fits our philosophy of acquiring enduring businesses run by exceptional people, and we will do all we can to preserve the legacy built by David, John, and Bob over multiple decades. We look forward to working with them, Fuelsoft’s exceptional management team, as well as its loyal customers to deliver the next phase of growth for the company and the industry as a whole.”
Bill Wagstaff, associate at Benchmark International commented: “I am delighted to have advised our client on the sale of Fuelsoft to Rose Street, marking their first acquisition. The process was exceptional from the whole team ending with a great result all round.
“Congratulations to both Dan and the sellers, Bob, David and John & Co, I wish them all the best in their future endeavours.”
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