Add-on Acquisition • Business Services

NPK Acquires Grassform

On November 24, 2025, NPK acquired business services company Grassform for 35M GBP

Acquisition Context

This is NPK’s 1st transaction in the Business Services sector.
This is NPK’s largest (disclosed) transaction.
This is NPK’s 1st transaction in the United Kingdom.

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M&A Deal Summary
Date	November 24, 2025
Target	Grassform
Sector	Business Services
Buyer(s)	NPK
Deal Type	Add-on Acquisition
Deal Value	35M GBP

Target Company

Grassform

Ingatestone, United Kingdom

Grassform is a UK-based ground protection and temporary roadway specialist. The company provide modular plastic matting systems (e.g., Heavy-Duty, Medium-Duty, Light-Duty) designed to support traffic on soft, sensitive, or grassy terrains while minimizing ground damage. Their products are used in infrastructure projects, events, and construction sites. Their operations are centered in Ingatestone, Essex.

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Buyer Overview 1

Buyer

NPK

The Woodlands, Texas, United States

Category	Company
Sector	Energy Services and Equipment
Revenue	217M USD (2024)

DESCRIPTION

NPK is a worksite-access solutions company that provides sustainable composite matting products and full site services, including planning, logistics, site preparation, and environmental restoration. It serves critical infrastructure markets such as utilities (transmission & distribution), renewable energy, oil & gas, pipelines, and construction. NPK is headquartered in The Woodlands, Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: United Kingdom	1 of 1
Year: 2025	1 of 1
Size (of disclosed)	1 of 1

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