Quercus Corporate Finance is delighted to announce the sale of Weir Waste Services Limited to Biffa Plc.
The Quercus team, led by Mark Whelan and Kevin Walkinshaw, advised the shareholders of Weir Waste Services Limited (“WWS”), one of the largest independently-owned commercial recycling and waste management businesses in the West Midlands, on the sale of the company to Biffa Plc, a leading, UK-listed, integrated waste management company, for a consideration plus debt taken on of c.£16.2m.
Founded in 1995 by Daniel Weir, WWS provides total waste management solutions for the assessment, collection, recycling and disposal of commercial waste. WWS has focused on investing in the latest automated sorting technology to deliver increasing recycling, recovery and purity rates, delivered through continued investment over the years including the construction of a state-of-the-art materials recycling facility at Oldbury, near Birmingham.
Mark Whelan, Quercus Partner said:
“I am delighted that we have successfully advised the shareholders of WWS on the sale of the business to Biffa. Having built a close relationship with WWS over many years and having seen the business develop, it is great to have delivered a successful outcome for the shareholders.”
Daniel Weir, Founder of WWS, added:
“I am very grateful for Quercus’ support throughout the sale process. The Quercus team provided the right level of hands-on advice and expertise, combined with excellent industry relationships and contacts, which ultimately played a big part in achieving a successful result. Mark and Kevin’s tenacity, coupled with their relentless focus on producing a good result, made a real difference.”