Acquired by Waterman Group
The next major change happened in December 2001, when the Aspen Consulting Group was acquired by Waterman Group.
Waterman had been founded as a Structural Engineering practice in London in 1952. Its growth, both organically and by acquisition, had seen it become 750-strong by 2001. Waterman’s discipline base was different to Aspen’s, as was the client base which was predominantly private sector.
The Waterman Group was looking to diversify its discipline and client base to offset the risk volatility associated with the private sector building industry. Hence the attraction of Aspen.