Warburg Pincus, a leading global private equity firm focused on growth investing, today announced that funds affiliated with the firm have acquired Supplier Assessment Services, a leading provider of technology-enabled third party pre-qualification and health and safety accreditation services in the UK, from Capita plc. Supplier Assessment Services includes the Constructionline and Acclaim portfolio of products and services.
Supplier Assessment Services provides mission-critical and high value-add compliance services to public and private sector customers in the construction, facilities management, education and utilities industries, with supply chain risk management becoming an increasingly critical issue in the UK and abroad.
Warburg Pincus will work alongside Supplier Assessment Services’ ambitious management team to accelerate the growth of the business. To date in 2018, the company has experienced significant progress, fueled in part by the success of its multi-level accreditation products.
John Edmunds, Chief Executive Officer of Supplier Assessment Services, commented, “We are excited to partner with Warburg Pincus in this next chapter. Together, we will focus on enhancing our product offering for our existing customers as well as expanding our customer base in existing and new industry verticals in the global third party risk management space, in which we see significant growth opportunity.”
“Supplier Assessment Services’ products are vitally important to safety and supply chain risk management,” said Adarsh Sarma, Managing Director at Warburg Pincus. “We anticipate that the need for these services will continue to grow as requirements for regulations and standards increase. With its strong track record, deep network and commitment to best-in-class service, Supplier Assessment Services is ideally positioned to provide those solutions to customers.”
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
David Reis, Managing Director at Warburg Pincus, said, “We see Supplier Assessment Services as a platform with tremendous potential for expansion within the fast-growing third party risk management industry, both through organic growth and acquisitions. We look forward to partnering with John Edmunds and the management team as they continue to meet the important needs of the sectors they serve.”
The transaction is expected to close in July.