New UK investor secures first deal with Birmingham-based fuel software firm

In a significant move for the UK’s private sector, Rose Street Partners has completed its inaugural investment by acquiring Fuelsoft, a longstanding software provider for the fuel distribution industry based in Birmingham. This marks the first foray into the market for the newly launched investor.

Rose Street Partners, known for its long-term investment strategy, asserts that its approach is “unique” in providing an alternative exit strategy for founder and family-owned businesses. The firm aims to become the UK’s “permanent home for enduring businesses.”

Fuelsoft, founded by David Kingsman and John Allen, is poised for rapid product development and team expansion under the new ownership. Rose Street’s acquisition allows Fuelsoft to maintain its independence while enhancing its growth prospects.

Dan Skyte, Founder & CEO of Rose Street, expressed his enthusiasm about the acquisition: “We couldn’t be happier with Fuelsoft as our first investment. Our goal is to invest in niche, market-leading businesses run by exceptional people and Fuelsoft fits that description perfectly. We are committed to preserving David and John’s legacy and look forward to working alongside them, and Fuelsoft’s outstanding management team, to deliver the next phase of growth for the company and its loyal customer base.”

David Kingsman, who will continue to serve on Fuelsoft’s Board, shared his optimism about the partnership: “We are excited to partner with Rose Street as we embark on this new chapter. Their philosophy of long-term investment aligns perfectly with our own objectives, and it will enable Fuelsoft to further develop our products, empower our team, and provide the best possible service to our customers.”