Springboard advise Muddy Boots Software on its strategic partnership with Carrier Corporation

November, 2016 - Birmingham, England

Ross-on-Wye based Muddy Boots Software Limited (“Muddy Boots”) has secured a multi-million pound investment from US headquartered Carrier Corporation to support its continued expansion and international market development.

Muddy Boots provides innovative software for the food supply chain which gives users transparency from grower to retailer, with greater insight into the performance of suppliers on the quality, compliance and provenance of their products. Founded in 1996, the company now employs a team of over 100, supporting in excess of 2,000 customers across 40 countries.

Carrier Corporation is a global leader in cold chain technologies, with products and services designed to help monitor and manage the cold chain of the world’s most temperature-sensitive, perishable products: food, pharmaceuticals, biologics and industrial chemicals.

Jon Evans commented “This investment comes at a pivotal point in the next phase of development of Muddy Boots. We are delighted to be working with Carrier who have a significant global footprint. The investment coupled with the synergies between our respective offers will fuel our ambitious growth plans over the coming years.”

Muddy Boots Software was advised on the transaction by Springboard Corporate Finance, with a team led by Partner Justin Sparks and Assistant Director Robert Johnson.

Justin Sparks said “We have been working with the shareholders and Directors of Muddy Boots for a number of years to help with their strategic options and we are pleased to have been able to deliver this transaction for them. The founding shareholders invested to develop market leading solutions for the food supply chain and Muddy Boots was seeking a partner that not only provided access to finance but also could provide assistance with their plans for international expansion. Carrier Corporation delivers on all these requirements and we look forward to the continued success of Muddy Boots”.

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