As part of our commitment to innovation and growth we have formed a new partnership with strategic equity investment company Armitage Associates.
Droppoint’s vision and values remain clear and strong, Armitage’s investment enables improved capability and confidence to help our customers improve profit. Droppoint’s founding Managing Director Peter Asquith, continues to be responsible for day-to-day operations and remains as a shareholder of the business alongside Armitage.
Droppoint’s Managing Director Peter Asquith said “Droppoint was created to provide a comprehensive, integrated platform to lift Field Service profits. Our new partnership with the Armitage network gives us more confidence and capital to grow value for our Customers. I am thrilled to invest with Armitage and look forward to identifying and delivering significant business benefits to our Customers in any Field Service segment wherever they might operate.”
Mark De Ambrosis, Managing Director of Armitage Associates, said “This is a fantastic example of the Armitage model – partnering with a market leading founder and company within a fragmented and growing end market to provide capital and support for ongoing growth”.
Armitage history and investment strategy:
Armitage Associates is a growth equity firm established with the support of the Melbourne-based Schwartz family. Armitage’s investments focus on providing capital and management support to small and medium sized businesses in Australia.
Armitage looks to partner with management to assist in growing their company providing equity capital for growth. Armitage is fortunate to have long-term patient capital and adopts a long-term investment approach.