Aspire Platforms expands into London with LTS acquisition

Greater Manchester access platform hire firm Aspire has expanded into London after acquiring an aerial lift operations company.

The provider completed an all-share purchase acquisition of London Tower Services two years after Aspire was set up by Vincent Rourke in Leigh.

The acquisition comes after Vincent Rourke and Simon Dunn established parent company Aspire Group of Businesses Ltd in late 2019, before looking out for acquisition opportunities to expand on their current footprint in Manchester and Yorkshire.

London Tower Services, which has gross assets in the region of £4.5m, has an existing fleet of 305 platforms. The acquisition takes Aspire’s total machine count to 745, it said.

Mr Rourke, group manager director of Aspire Group, said: “London Tower Services is the perfect partner and this acquisition delivers on all fronts.

“Firstly, it gives us an excellent geographic location from which to service the wider London and South East market.

“Secondly, it gives us two well respected businesses and brands with the resources and expertise to offer a comprehensive range of access solutions, from conventional Aluminium Towers to aerial work platforms and specialist products and services to the rail sector.”

Chairman Simon Dunn added: “Our continued growth and all-round performance in Manchester and Yorkshire, despite the market uncertainty, has been amazing and this has given the Board and our young and dynamic Management Team the confidence to expand into London and the South East.”

Leonherman provided corporate finance advice and PMD’s Structured Finance Solutions division provided a lending facility.

Business Live – North West