- WestBridge invested in APEM in 2019
- WestBridge is a lower mid-market private equity firm based in London
- NASH is APEM’s fifth acquisition in the last two years
APEM Group, backed by WestBridge, has acquired NASH Maritime, a shipping, navigation and maritime risk consultancy.
No financial details of the transaction were disclosed.
NASH Maritime is based in Hampshire, England.
WestBridge invested in APEM in 2019.
“Alongside our continued organic growth, acquisitions remain core to our strategy,” said Peter Barkley, partner at WestBridge. “We will continue to seek to add quality focused, culturally aligned businesses that bring complementary services to customers of the APEM Group, having completed two such acquisitions already this year.”
NASH is APEM’s fifth acquisition in the last two years, following its investment in Macro Works in May 2023, GoBE in May 2022, AQUAFACT in Feb 2022, and Woodrow in 2021.
APEM has seen its revenue grow from £10 million to a forecast of around £60 million in the current financial year since WestBridge’s investment, according to a release.
APEM is based in Manchester, UK. The company is a global environment consultancy providing advice to industries including water, renewables, power and utilities, marine and ports, transport, construction and development.
WestBridge is a lower mid-market private equity firm based in London.