Wed, 03 Dec 2025 | BUSINESS NEWS
Aspire Technology Solutions, a Gateshead-headquartered managed IT, cybersecurity and workplace services provider, has secured a further £200 million in funding from existing private equity backer LDC, alongside Federated Hermes, to support its ongoing M&A strategy.
The company, which was founded in 2006, originally secured backing from LDC in 2022 and has since grown its revenue by 158 per cent, passing its £50 million revenue milestone in the year ending February 2025, two years ahead of schedule.
The value of the business, meanwhile, is reported to have risen from £85 million in 2022 to £192 million today. Staff headcount has increased 55 per cent and the firm now supports over 2,000 organisations and more than 30,000 UK end users.
Aspire has also completed two acquisitions with LDC’s backing and the new funding will enable it to accelerate this M&A strategy as the company seeks to hit its target of £100 million in revenue by 2030.
The new deal sees LDC reinvest for a significant minority stake, alongside new minority co-investor Federated Hermes, with Chris Fraser, founder and Chief Executive of Aspire, saying that the partnership would give the firm “the platform to move forward with confidence.”
Fraser continued: “Our direction is clear. We will continue to scale through sustained organic growth and customer focus. This investment enables us to further strengthen our capability and deliver across the UK. We see significant opportunity ahead and we are committed to growing in a way that brings customers even greater value, service and security."
LDC partner and head of North East and Scotland Gareth Marshall, who led the transaction alongside investment manager Emma Borrie, said: "Since our initial investment, Aspire has more than doubled in size while successfully integrating two complementary acquisitions and maintaining the customer service standards that set them apart in the market. The organic growth rates they're achieving are genuinely market-leading for the sector.”
“With Federated Hermes joining as a co-investor,” Marshall added, “Aspire has the platform to pursue both organic expansion and a more active M&A strategy in a market where demand for managed IT and cyber security services shows no sign of slowing."
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