INVESTMENTS
ASCO
We acquired ASCO in August 2023. Endless were excited by the opportunity to support at a time of real change for the global energy sector.
Endless were able to move at speed and underwrite the entire transaction, a combination that others could not compete with, to provide the vendor with certainty of completing the transaction in a challenging debt market.
THE OPPORTUNITY
ASCO is a leading materials management and logistics company for the global energy industry. Headquartered in Aberdeen, Scotland, ASCO operates from over 60 locations in 9 countries worldwide and employs around 1,000 people in the UK, with a further 500 across its international operations.
The business has over 50 years of energy industry knowledge and is well placed to capitalise on the increasing opportunities presented by the energy transition. ASCO’s path to future growth and success is inextricably linked to its commitment to sustainability, and its determination to support new energy developments that align with a more sustainable future.
THE IMPACT SO FAR
Immediately following acquisition Endless embarked on a journey to revitalise ASCO; supporting management to develop an updated business strategy, hand-in-hand with a refreshed brand.
At its core, ASCO are hands-on specialists in full-service logistics; going over and above to plan, manage and optimise operations, materials, and movements.
The business cut its teeth supporting oil and gas operations in the UK North Sea. Now, alongside management, we are taking this experience around the globe to support the delivery of high-impact projects across a range of critical industries, including New Energy, Defence, Utilities, Metals and Industrial Manufacturing to unlock value.
The business has already shown strong progress against our new strategic priorities, and we are moving to the next phase with plenty of momentum.
