Leumi ABL provides the renewal and expansion of an £80 million multi-jurisdictional facility for ASCO Group

Leumi ABL, alongside BZ, is pleased to provide the renewal and expansion of an £80 million multi-jurisdictional facility for ASCO Group.

The new five-year club facility strengthens ASCO’s funding platform, combining working capital with increased term loan commitments to support its continued growth, investment plans and international operations.
Since the original transaction backing Endless LLP’s acquisition, ASCO has continued to strengthen its position as a leading global, full-service logistics and operational management specialist, delivering consistent performance and growth across its services and operations.

Paul Hunt, CFO of ASCO, commented: “This deal marks an important next step in our partnership with Leumi and BZ, further strengthening our funding platform as we continue to deliver on our growth strategy. The enhanced Club facility provides the flexibility to invest across our operations and capitalise on opportunities in established energy markets and the energy transition, as well as across new end markets. ASCO values the continued support of our lending partners as we build on our momentum and look ahead to the next phase of ASCO’s development.”

John Walsh, Regional Sales Director (Yorkshire & Northeast) at Leumi ABL, added: “It’s great to see ASCO build on the progress achieved since the original transaction, continuing to deliver across multiple markets. This facility provides a robust platform to support the business as it pursues further opportunities, and we’re pleased to play our part in enabling that next stage of development alongside Endless and BZ.”

Andrew Ross at Endless, said: “Our partnership with Leumi and BZ has been a key component of ASCO’s progress since our investment, and we value the constructive, long-term approach they have brought to supporting the business. This refinancing builds on that strong foundation, delivering a capital structure aligned with ASCO’s strategic ambitions.”