Wetherby-based Triton Risk Management Ltd has agreed to acquire Graspan Frankton Ltd, based in Newcastle. The acquisition creates a global leader in security, risk management and complex managed services for clients operating in high risk environments.
Graspan Frankton’s capabilities in complex security solutions combines with Triton Risk Management’s strength in the provision of risk management solutions for blue chip corporate clients.
A strong, well-financed platform for growth will help clients face increasingly complex challenges and risks. Graspan Frankton will help drive growth across the financial, energy, mining, maritime, oil & gas, petrochemical and infrastructure sectors, particularly in the Middle East and Africa.
Graspan Frankton’s management team remains unchanged.
Sean McKeown and Paul Manning, co-founders of Graspan Frankton, will continue to manage the business day-to-day, adding immeasurable value, insight, and relationships in the commercial markets they have established over the past decades.
Graspan chairman Paul Manning said: “Graspan Frankton’s clients face increasingly complex challenges in managing a myriad of risks including the safety of personnel, integrity of investments, regulatory compliance and the protection of corporate reputation. As a result, Graspan Frankton needs to offer more services, and this merger establishes a unique position for the company to meet these global operational demands.”
Sean McKeown, Graspan Frankton’s Managing Director, who will continue to lead Graspan Frankton, added: “With reputations for operational excellence and governance across government and commercial clients, not only will this combination allow each company to benefit from the other’s considerable experience, but it will provide us both with a broad and resilient platform for growth. We are tremendously excited about the opportunities which lie ahead for the combined Group.”
Ashley Wood, Managing Director of Triton Risk Management, said: “We are excited to welcome Graspan Frankton into the Triton family, the leadership, experience, and capabilities of our combined operations establish us as a full-service risk management, integrated security, and managed services provider with a global presence.”