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HSBC and Ultimate Finance back management buy-out of Santia Asbestos Management Ltd

To fulfil ambitious growth plans, HSBC and Ultimate Finance have partnered with the experienced management team at Santia to complete a management buy-out.

The management team has over 60 years of experience in the UK Asbestos Inspection & Testing market.  Santia provides asbestos and construction design management services to its customers across a broad range of sectors.

Inflexion Private Equity Partners and Alcumus Group have supported the management team to take full control of the business with structured financial backing from HSBC and Ultimate Finance. Lead advisory services were provided to the management team by Patrick Gore of Hollis Gore Associates with legal advice provided by Greenaway Scott.

Craig Jones, Managing Director of Santia, said:

“Our continued investment and commitment to the development and training of our people will support our relentless focus and passion to provide an outstanding level of service to our customers.

We are confident given the initiatives planned this year, that we will deliver on our vision and are excited with the prospect of further growth.

The additional long-term capital investment will support the development of our IT systems during 2018, providing Santia with the platform to lead the market in asbestos and construction design management.”

From left: Will Deverill (Technical Director), Gareth Vaughan (Director of Construction & Design), Alexis Vranch (Finance Director), Craig Jones (Managing Director), Eddie Deverill (Business Development Director) and Liam McLoughlin (Operations Director).

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