Walker Morris advise Endless LLP on acquisition of ASCO

Headquartered in Aberdeen, Scotland, ASCO is a leading global provider of multi-site integrated supply base operations to the energy industry handling over 1.3 million tonnes of cargo each year with an overall warehouse footprint in excess of 150,000m2.

ASCO has over 1,000 employees in the UK with a further 500 across its international operations. It operates from 60 strategically placed locations in nine countries across six continents serving offshore energy operators, developers and major service companies in the renewables, new energy, oil & gas, and decommissioning markets.

Endless will continue to support the current management team, including the planned transition of a new CEO as Mike Pettigrew assumes the role from Peter France on 2 October.

The acquisition by Endless will further strengthen ASCO’s position in the growing renewables and new energy markets, enabling it to capitalise on the increasing opportunities presented by the global energy transition.

Debbie Jackson led the team at Walker Morris, supported by Tom Mieszkowski, Evelyn Lewzey, Benjamin Challenger, Jessica Stanley, Matthew Dickinson, Philip Scott, Laura Swift and Sarah Ward, together with a multi-disciplinary team of specialists.

Andrew Ross, Endless Partner comments:

“ASCO is a fantastic business servicing a blue-chip customer base across its global operations with great potential for further growth.

“It is an exciting time in the energy sector both in the UK and internationally and ASCO is well placed to support its customers to accelerate the energy transition. We are looking forward to supporting Mike and the entire ASCO team to deliver the global opportunities available to the business across both current and new service lines.”

Debbie Jackson, Corporate Partner, added:

“We’re delighted to have worked alongside the Endless team on their latest acquisition of ASCO. The investment by Endless will no doubt create strong opportunities for the growth and development of the Group. We look forward to supporting Endless and ASCO’s management team achieve that over the coming years.”