Yorkshire risk management company swoops for North East counterpart
Wetherby-based Triton Risk Management is to acquire Graspan Frankton in a majority deal.
Is is designed to secure the West Yorkshire company as a global leader in the provision of risk management and complex security solutions.
Newcastle-upon-Tyne based Graspan Frankton is a provider of intelligence, training and enhanced security solutions.
While it will join the wider Triton Group, The Graspan Frankton team will remain unchanged, as will its brand name and identity.
The enlarged business is intended to create a strong proposition for blue chip corporate clients, with a global focus on the commercial sector.
And the acquisition is seen as an opportunity for the group’s expansion into the financial, mining, oil and gas and other sectors in established and emerging markets worldwide, particularly in the Middle East and Africa.
The co-founders of Graspan Frankton, Sean McKeown and Paul Manning, will continue to manage the daily running of the firm, bringing their valuable experience and relationships into the partnership.
Manning, said: “Our clients are facing increasingly tougher challenges and complex risks. This partnership with Triton Risk Management means we can expand our services and grow to offer customers a unique proposition to meet their needs.”
Managing director of Triton Risk Management, Ashley Wood, said: “We are very happy to welcome Graspan Frankton into the Triton Group.
“The combination of our experience and capability establishes us as a frontrunner in providing full-service risk management, training and advisory services.”