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New Deal


Announced

Palatine-backed Lucion Services acquired Askams.

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Specialty Contracting

Private

asbestos management

United Kingdom

Private Equity

Acquisition

Synopsis

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Palatine-backed Lucion Services, a testing, inspection and certification firm, acquired Askams Compliance Services, a provider of full-range asbestos management, surveying, and testing. Financial terms were not disclosed. Jamie McGivern, Chief Financial Officer at Lucion, says: “Our new relationship with Askams highlights the highly ambitious attitude which runs throughout the firm, in line with our strategy of combining organic and acquisitive growth. With the Askams team coming on board, we will be able to offer our clients the same incredible services that they’ve become accustomed to at an even quicker rate. The new offices also allow us to reduce travelling time when reaching certain clients, which will also positively impact our environmental targets.

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