UNITED KINGDOM / AGILITYPR.NEWS / June 10, 2021 / Limerston Capital portfolio company Forensic Access Group has completed the acquisition of Alecto Forensic Services Limited. This is the latest acquisition into the Forensic Access Group, building on the success of Forensic Access and following the recent acquisition of IntaForensics. This acquisition supports the ambitious growth strategy aimed at creating a leading international forensic and criminal justice services organisation.
Oxfordshire-based Forensic Access is leader in the provision of forensic science and support services to the UK criminal justice system, and forms part of the larger Limerston Capital backed AFA International.
Swindon-based Alecto specialise in forensic: anthropology, archaeology, ecology, imaging, proficiency testing, case reviews and CSI/ forensic training. Alecto’s services are used by domestic and international law enforcement agencies, military forces, government and non-governmental organisations, the legal profession and private clients. Alecto have a wealth of practical expertise and all training is completed by qualified ISO 17020 Assessors.
Rachel Jansen, Chief Executive of Forensic Access said: “We are delighted to bring into the fold Adam McConochie, Gaille MacKinnon, Karl Harrison and their outstanding forensic and training teams from Alecto. We jointly share the strategy and vision of providing leading support to our valued customers through investment in technology, quality and innovation. The businesses are in a fantastic position to deliver further growth in the coming years working with the experienced team at Limerston Capital.”
James Paget, Limerston Capital Founding Partner said: “Following on the acquisition of IntaForensics, Alecto is another step for Limerston Capital’s investment in the criminal justice services space. Forensic Access’ outstanding lab and digital forensic services will be expanded with Alecto’s world class forensic scientists and training capabilities. We would like to thank Shawbrook Bank for providing debt financing for this acquisition. Shawbrook’s certainty and speed of delivery allowed the financing to be completed within and despite a tight timescale. We look forward to working with them more closely in the future. We will continue to support Rachel and the Forensic Access management team in delivering the agreed strategy.”
Adam McConochie, Forensics Services Director at Alecto Forensics said: “This is a tremendous opportunity for Alecto Forensics to join a market-leading company in the provision of forensic services. This transition will help Alecto to grow our ecology services and training programs alongside Forensic Access. This will increase our client-base domestically and internationally and offer greater opportunities to develop our knowledge and skills at the forefront of forensic services and training. We are all excited about this new era in Alecto’s evolution and are looking forward to new opportunities and future success working with Forensic Access.”
Jon Blows (Group Finance Director) led the AFA International deal team.
Gateley Legal (Andrew Cowan, Chris Jones) and RSM (Sam Dalziel, Rob McCarthy) acted as legal and financial advisers to AFA International.
Shawbrook Bank provided the financing for the acquisition.
Founded in 2015, London based Limerston Capital pursues control investments in UK lower mid-market companies and seeks to create value through the firm’s operationally focused and buy-and-build model. The firm targets businesses with EBITDA of between £5 million and £15 million, that have a solid value proposition, but have potential for operational improvements, have mispriced underlying returns on capital or provide opportunities for strategic repositioning and consolidation. Limerston Capital’s fully integrated team of operating partners participates in all aspects of deal origination, value creation and portfolio management.
AFA International is a UK market leader in forensic science services and international aid project delivery. The group owns Oxfordshire based Forensic Access Ltd (Forensic Access), a provider of forensic science services to the UK criminal justice system and specialist forensic consulting services.