Rose Street is unique in its approach, investing in businesses for the long term rather than selling within a few years. This acquisition marks a significant milestone for the Company, reflecting its commitment to providing an alternative exit option to founder and family-owned businesses that value patience, independence, and stability for staff and customers.  

Founded by David Kingsman and John Allen, Fuelsoft has been dedicated to delivering market-leading software to the fuel distribution industry for decades. With Rose Street’s support, Fuelsoft is poised to accelerate product development, enhance customer support, and expand its team to ensure it remains at the forefront of the industry for many years to come.

Dan Skyte, Rose Street’s Founder & CEO, said: "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 remain on Fuelsoft’s Board, commented: "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."

Gareth Read, ThinCats, commented: “We are delighted to be supporting Dan and Rose Street Partners in this acquisition. Fuelsoft has built a fantastic reputation with a market leading proposition and strong track record of innovation.”