Gordons advises Canada’s Flowing River Capital on acquisition of UK’s Marshall Land Systems
Thursday 22nd January 2026
Gordons has advised Indigenous Canadian investment firm Flowing River Capital on its acquisition of UK defence and national security engineering specialist Marshall Land Systems.
A team from the firm led by corporate partner Amy Pierechod and lawyer Lisa Murphy acted on the deal.
Based in Saskatchewan, Flowing River Capital Partners is an Indigenous-owned and led investment firm that supports economic reconciliation through conventional, results-driven investment practices.
From its facilities in the UK, Canada and the Netherlands, Marshall Land Systems designs, develops, delivers and supports robust deployable and platform-integrated capabilities worldwide.
Thomas Benjoe, CEO of Flowing River Capital Partners, said: “As Indigenous business leaders we are bringing our ‘Indigenisation’ playbook into the defence space through this strategic acquisition.
“This acquisition is a perfect fit, advancing our ambition to build a thriving portfolio of companies, while staying true to our values of community stewardship, sustainability, and collaboration.”
Gareth Williams, CEO of Marshall Land Systems, said: “Flowing River Capital Partners has identified both the tremendous capability of the business and its potential for growth.
“We share fundamental values, not least the principled commitment to build and grow sustainably for the long term.”
Marshall Land Systems employs over 600 people with major facilities in the UK, Canada and the Netherlands.
With roots in Cambridge and more than a century of innovation, the business continues to develop specialist vehicles and infrastructure for NATO forces worldwide.
Amy Pierechod added: “This major transaction marks Flowing River Capitals’ first investment in the UK and builds on Gordons’ established credentials in advising private equity. It also reflects the increasing number of international clients who value the commercially effective, practical advice which we provide.”
For further information on the Gordons corporate and M&A team, click here.
