Bristow & Sutor is a highly regarded judicial services and debt recovery group. Sovereign partnered the management team to complete an MBO, invest in growing the business and enhance its service offering.
The founder had stepped back from day-to-day operations and the management team were keen to lead an MBO to further develop the business’ service offering and client base. Attracted by Sovereign’s proven capability in Buy & Build and commitment to investing in quality, in June 2017 the MBO was completed.
The strategy is to grow Bristow & Sutor organically, through acquisition, and to invest in technology that will enhance both the service offering and user experience.
In partnership with Sovereign, Bristow & Sutor made its first acquisition, DRP, the market leading private parking debt recovery specialist. The addition of DRP has enabled the Group’s entry into the private sector growing staff numbers from 350 to 420 and client numbers to c.200.
In addition, significant investment has been made to drive innovation through a technology driven data centric approach. This provides tailored and targeted solutions, delivering sector-leading collection performance while protecting the most vulnerable in society and the reputation of clients.
Sovereign continues to work with the management team to further expand and develop the business both organically and via acquisition.
Sovereign have supported us with a blend of challenge, advice and assistance to help transform and grow our existing business. Additionally, their understanding of our vision and business plan, has resulted in them identifying companies for acquisition and then backing us with expertise and investment to acquire those businesses, allowing us to build a formidable and attractive group of companies.
Andrew Rose / CEO / Bristow & Sutor
Credit & Collections Technology - Winner