Acquisition of Askams Compliance Services by Lucion Services

Deal typePrivate Equity & Transaction Services
IndustryBusiness Services
Client name Lucion Services Limited

BDO provided financial due  diligence to support Lucion Services Limited on its acquisition of Askams Compliance Services Limited. 

Lucion is a multidisciplinary risk management group focused on hazardous materials. Headquartered in Gateshead and operating nationally, the group works with its clients to achieve full compliance with UK occupational safety and environmental regulations.
Askams was founded in 2006 and provides national clients with a full range of UKAS accredited asbestos management services including asbestos surveying, testing and analytical services. 
The acquisition of Askams (with funding provided by HSBC) marks the first acquisition following Lucion’s investment by Palatine in May 2019.

"It is fantastic to have supported Lucion's management team as it purses its strategic growth plan, which includes a buy and build strategy." 

Jeff Gardner, Director, BDO