Aspire: Targeting organic and acquisitive growth

Aspire Technology Solutions is one of the fastest-growing IT managed service and cyber security providers in the UK.

It provides a broad range of technology solutions across a range of applications including cloud, connectivity, voice, technical support, and cyber security. Its full fibre network provides bandwidth speeds of up to 100 gigabits per second – some of the fastest connectivity speeds available in the UK.

Founded 15 years ago by CEO Chris Fraser, the business has built a 200-strong team with offices in Gateshead, London and Stockton-on-Tees.

Expanding its services and footprint

LDC backed the management team in March 2022, with a significant minority investment in a transaction that valued the business at £85m. LDC is now helping the management team to pursue an ambitious organic and acquisitive growth strategy to expand its UK footprint and suite of services.

LDC’s investment will also accelerate the business’ existing plans to create 150 new jobs across the North East at its recently opened HQ at Gateshead Quays, and at its new base at Fusion Hive, a business and innovation centre at Stockton’s Northshore.

In 2022, Aspire received an ‘excellent’ rating for its Environmental, Social and Governance (ESG) performance from Sustainable Advantage, one of the UK’s leading energy and waste consultants.