Sandton Capital Partners, a special situations investments fund, has acquired the Aspin Group (Aspin), a provider of engineered solutions for the UK’s infrastructure sectors focused on rail and highways, for an undisclosed sum.
Established in 2000; Aspin operates across the UK and employs 220 people. Aspin’s head office is in Hemel Hempstead, Hertfordshire which is supported by other centres in the Midlands, the North and Scotland. Aspin has a turnover exceeding GBP30million and works for organisations such as Network Rail, Highways England and major infrastructure contractors providing engineered solutions, consulting and design, foundations and piling and inspections and investigations.
The acquisition by the UK team at Sandton Capital Partners enables Aspin to strengthen their existing business and develop their ambitious growth plans.
Matt Meehan, Sandton Capital Partners, says: “We have extensive experience investing in and working with the engineering and infrastructure sectors, and are delighted to complete the acquisition of Aspin. They are a leading supplier to segments with an impressive roster of clients and a long track record of success. This is an exciting phase for the firm and we look forward to supporting Aspin’s business aspirations, especially partnering with an incumbent management team seasoned in transformation.”
Aspin’s management team led by CEO Russell Ward has undergone a restructuring to provide a more fully integrated and comprehensive service delivery for the rail, highways and infrastructure sectors. Over the last year the team has been boosted by two new senior level appointments; Iain Sale as Chief Financial Officer and Paul Oyekanmi as Commercial Director.
Russell Ward CEO, Aspin, adds: “We are delighted to secure the support of Sandton Capital Partners and the resulting secure financial base is a critical part of our plans for the growth of Aspin. Most significantly, it’s a vote of confidence in the commitment and dedication of the whole Aspin team working as one to deliver more of what our clients want. Sandton Capital Partners was able to move quickly in a complex situation. It’s a win-win for us and our clients.”
