Matrix acquires Automated Systems Group for £8.5m
Matrix Private Equity Partners has backed the £8.5m management buyout of British print solutions supplier Automated Systems Group (ASL).
Matrix took a significant majority stake in the business through its VCT fund. It believes ASL is a well-established and profitable business, with a management team experienced in acquisitions. It also views ASL as a good platform to pursue a buy-and-build strategy in the sector.
Established in 1991, ASL is a Cambridge-based printing and copying services provider. With a 60-strong staff, the company caters primarily to schools and SMEs in East Anglia and the Midlands.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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