Aspin, a leading provider of engineered solutions for the UK’s infrastructure sectors, is stepping up its ambitious plans for growth with two important developments. Funding for its growth programme has been secured from the London office of private equity firm Sandton Capital Partners which has acquired the business for an undisclosed sum from Aspin’s former owners.
At the same time, there are changes to the structure of the company’s business operations to provide a more integrated and comprehensive service delivery for the rail, highways and infrastructure sectors. The experienced executive team’s responsibilities have been re-organised to help deliver the next phase of its ‘2020 Vision’ to become a £60m business. The executive team has been boosted by new senior-level appointments.
“This new investment and secure funding from our new equity partners who have extensive experience in the engineering sector, provides the ideal platform for the next significant stages of the company’s planned development,” said Aspin CEO, Russell Ward. “We’re delighted to secure the support of Sandton Capital Partners. The resulting secure financial base is critical in future-proofing our ambitious plans for the business. It is a significant vote of confidence in the commitment and dedication of the whole Aspin team working as one to deliver more of what our clients want. It’s a win-win for us and our clients,” he said.
Matt Meehan of Sandton Capital Partners said: “Aspin is already a leading name in the sector. It has a highly experienced and successful executive team and has extensive skills and experience throughout the organisation. Our plan is to make it even better and we’re very pleased to be involved at such an exciting phase as the firm leverages its solid base to achieve future success,” he said.
Aspin operates across the UK, employing some 240 people and has its head office in Hemel Hempstead, Hertfordshire supported by other centres in the Midlands, the north and Scotland. Its work for organisations such as Network Rail and Highways England and major infrastructure contractors includes four key areas which have been classified as the ‘four pillars’. These are engineered solutions, consulting and design, foundations and piling and inspections and investigations.
The executive team, headed by CEO Russell Ward has been boosted with two new appointments; Iain Sale as Chief Financial Officer and Paul Oyekanmi as Commercial Director. The reorganisation of responsibilities means that Martin Truman becomes Delivery Director, Damon Marii-Metuarii is Construction Director, Lee Healey is Technical Services Director and Alice Bromwich is Head of HR.
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