Norland Equity Partners Acquires The Combined Services Provider, Supported by Shawbrook

The Combined Services Provider Limited (CSP), a company based in Watford specializing in traffic management, parking, and security services for event venues, has been acquired by Norland Equity Partners. This acquisition, backed by Shawbrook, aims to bolster CSP's growth and service coverage across the UK.

CSP has earned a notable reputation, serving event venues with traffic management, security, stewarding, car parking, and hostile vehicle mitigation services. The business initially gained traction by managing Wembley Stadium's car park, amassing an impressive client base over time.

Under Norland Equity Partners' leadership, Ola Lawal, NEP's Managing Partner, joins the CSP leadership team. Former CSP Chairman Dave Butler remains onboard as a Non-Executive Director to facilitate the transition, while Tony Nikolic, former Managing Director, supports the company as a board advisor. Alan Neill, the current Director of Operations, steps up as interim Chief Operating Officer.

The acquisition deal involves a commercial loan aiding the acquisition and a working capital facility supporting future business growth. Shawbrook's involvement stemmed from NEP's recommendation due to Shawbrook's expertise in funding search fund acquisitions and providing flexible terms combining acquisition funding and ongoing working capital.

Kanta Hirani, Finance Director at The Combined Services Provider, expressed confidence in the partnership, stating it marks a significant step in CSP's journey toward becoming a leading event traffic management and car parking provider. The collaboration with Norland Equity Partners and Shawbrook is seen as vital for offering enhanced services and expanding coverage nationwide.

Ola Lawal of Norland Equity Partners praised CSP's reputation, team dedication, and operational excellence, expressing enthusiasm for accelerating CSP's growth and upholding its strong legacy. He acknowledged Shawbrook's instrumental role in providing a package facilitating the deal and supporting CSP's future expansions.

Shawbrook's Director, Oliver Jenkins, lauded CSP as an exciting company in event traffic management, expressing optimism about its strengthened future. He highlighted Shawbrook's growing involvement in search fund deals and their commitment to supporting entrepreneurial exits, while Pinsent Masons provided legal counsel for Shawbrook in this acquisition.