Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
05/03/2018

Aspin Secures Funding For Future Growth Programme

Construction News Image
Engineering solutions provider Aspin has secured funding for its future growth programme.

The Group is being backed by the London office of private equity firm Sandton Capital Partners, which has acquired the business for an undisclosed sum from Aspin's former owners.

In addition, as the company looks to provide a more integrated and comprehensive service delivery for the rail, highways and infrastructure sectors, the Group's business operations have been restructured.

The executive team's responsibilities have been re-organised to help deliver the next phase of its '2020 Vision' to become a £60 million business. A number of new senior-level appointments have been made; Ian Sale has taken up the role of Chief Financial Officer while Paul Oyekanmi becomes Commercial Director.

-- Advertisement --
hss

The reorganisation also sees Martin Truman become Delivery Director, Damon Marii-Metuarii is Construction Director, Lee Healey is Technical Services Director and Alice Bromwich is Head of HR.

Chief Executive Officer (CEO) Russell Ward said: "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.

"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."

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."

Image: Aspin CEO Russell Ward.

(LM/MH)

Latest Construction News

29/11/2024

Helmsley Group secured planning permission for the final part of its Coney Street Riverside masterplan which will bring much needed residential space to the city and realise a 50-year ambition to reconnect York to its riverfront. With work expected to start in the summer of 2025, this approval ...
29/11/2024

Network Space Developments (NSD) has received planning approval from Manchester City Council for a major redevelopment project at its Welcomb Street site in Openshaw, Manchester. The four-acre site, acquired by NSD in 2022, will be transformed into an extension of the adjacent City Works Business ...
29/11/2024

Work has commenced on a new lighting scheme designed to create brighter streets in Digbeth, close to HS2's Birmingham Curzon Street station. The Birmingham City Council project – funded in part through a £210,140 investment from HS2's Business and Local Economy Fund (BLEF) – will see the ...
29/11/2024

Building work has commenced on 14 new modern one-bedroom apartments at Ludwick Green in Welwyn Garden City. The apartments are being developed as part of Welwyn Hatfield Borough Council's (WHBC) Affordable Housing Programme, and its commitment to building new social and affordable homes. Ludwick ...
29/11/2024

River Capital has invested £500,000 in Liverpool-based M&E engineering consultancy, Steven A Hunt & Associates Ltd. The funding was structured to facilitate a management buyout (MBO) by the senior management team of Neil Baines, Anne King, Dave Kelly and Dominic Sibbring from founder Steven Hunt, ...
29/11/2024

Henley Restoration and Remedials has been chosen to carry out extensive external and structural repairs on the Grade II-listed Phoenix Mill, the oldest building in the Rutland Mills complex. Originally a grain store, Phoenix Mill later became a corn mill in the 19th century before transitioning ...
29/11/2024

Dorset County Council's North East Technology Park (NETPark) has been allocated over £11 million towards its expansion. The North East Combined Authority's Cabinet has approved £11.3m of funding for the Sedgefield site from its £160m flagship North East Investment Zone (NEIZ), which aims to drive ...
29/11/2024

Laing O'Rourke, in collaboration with Barnsley College and T3 Training & Development, have opened the UK's first dedicated modern methods of construction (MMC) training facility. The first of its kind training centre represents a groundbreaking step in addressing the UK's construction skills ...
29/11/2024

Aqua Direct are keen to share their support for the Urgent Funding campaign from St Giles Hospice. With a national hospice funding crisis, they need your support more than ever ...
29/11/2024

As we approach the end of 2024, we have been reflecting on what an action-packed year it has been. We have worked with some fantastic clients and sites across the country. We started from our base in Essex over ten years ago, and the demand for trackway has certainly been at its highest ...
Efco UK LtdBRICOFLOR UKLakeside HireAqua Direct LtdStuart CanvasT & D Glazing And Installation LimitedThink Construction Skills Ltd.123v PlcForge Lifts LtdAtlas Winch & Hoist Services Ltd (UK)
Terms and Conditions
2024/11/29 21:27:51