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Aspire Technology Solutions secures growth investment from LDC in GBP85m transaction

Former North East Company of the Year, Aspire Technology Solutions has secured a significant minority investment from LDC, a mid-market private equity firm, in a transaction which values the business at GBP85 million.

Aspire is one of the fastest growing IT managed service and cyber security providers in the UK and was launched 15 years ago by CEO, Chris Fraser. The company now has multiple offices in locations including Gateshead, London and Stockton-on-Tees, and employs more than 200 people.
Aspire is currently delivering plans to create more than 150 North East jobs across its recently opened HQ, based on the site of the former Baja Beach Club at Gateshead Quays, and a new base at Fusion Hive, a business and innovation centre based on Stockton’s Northshore.
LDC’s partnership will support Aspire’s management team, led by Fraser, to pursue organic growth and acquisition opportunities. The management team is aiming to broaden the business’ suite of services and expand further into markets across the UK.

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