Date:October 2022
Project:Acquisition Support
Sector:Business Services
Role:Financial analysis and modelling support for the acquisition


Forward continue to support Agilico with number ten

Forward is delighted to continue its relationship with Horizon backed Agilico, supporting the management team on the acquisition of Capital Document Solutions, making it the tenth acquisition since Horizon invested in 2018.


Based in Scotland, Capital Document Solutions is Agilico’s largest acquisition to-date by revenue, headcount, and machines in the field (MiF).


This latest acquisition significantly expands the group’s capabilities across the UK; increases MiF to over 40,000; and expands the customer base to 13,000 largely SME customers. Agilico’s Agile Print division is now the largest independent MPS business in the UK, a feat achieved over four years under CEO, Simon Davey.


Forward provided financial support to Agilico on the transaction, collating financial data, assessing historical performance and KPIs, and building a fully integrated financial model to feed into the due diligence process.


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