Astrak has been sold to Inflexion Private Equity Partners
Astrak, based in Kirkcaldy, Scotland, is the leading pan-European distributor of undercarriage and wear parts for earthmoving equipment. Founded in 2003, Astrak has grown to become a market leader in the supply of undercarriage and wear parts for construction equipment, employing over 100 people across seven locations in Europe.
Over the last five years, Astrak had undergone a period of rapid expansion and was looking for the right partner to support the family-run business’ growth plans to expand more widely across Europe. The sale of a majority stake to Inflexion Private Equity Partners enabled several family shareholders to exit the business, while allowing key family members in the management team to stay involved with the business and finance their growth plans.
Phillip McCreanor, Managing Director in Lincoln’s London office, commented, “Leveraging its leading digital platform, Astrak has established a market leading position in the supply of undercarriage and wear parts and with the backing of Inflexion, is poised to accelerate its growth through both its organic and inorganic growth strategies.
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