Independent managed office services provider ASL Group plans to accelerate its growth strategy after securing investment from Primary Capital Partners LLP, a leading provider of private equity finance.
Primary’s backing will allow ASL to acquire more businesses, expand its reach and enhance service levels for its 5,000 customers.
Since 2010, ASL had been supported by Mobeus Equity Partners as a buy-and-build platform, during which time the privately-owned company made 10 acquisitions and expanded its portfolio to include unified communications, software, IT and production print, as well as managed print services.
ASL Managing Director Mark Garius said: “This is a significant milestone for ASL that will enable us to continue to grow our business both organically and acquisitively. Having acquired 10 businesses in the last 10 years, we look forward to the new opportunities that the investment will bring as we continue to drive better business performance for our customers.”
Primary provides long-term financial resources and strategic support to businesses with a value of £20 million to £100 million.
Primary Partner Alec Parkinson said: “ASL is a leading operator in a highly fragmented marketplace. We are excited to enable the company to accelerate its acquisition strategy and become the pre-eminent independent managed office services provider.”