The Quercus team, led by Mark Whelan, advised Reconomy (UK) Limited (“Reconomy”), the UK’s largest outsourced waste management and recycling business, on its acquisition of Advanced Waste Solutions Limited (“AWS”), a provider of outsourced waste and recycling services, based in Ringwood, Dorset.
Financial details have not been disclosed.
AWS’s customer base is highly complementary to that of Reconomy, providing a great opportunity for customers, suppliers and staff of the combined businesses.
Mark Whelan, Quercus Partner said:
“I am delighted that we have successfully advised Reconomy on its acquisition of AWS. Reconomy has been highly successful in growing its operational platform across the UK and AWS is a highly complementary addition to its growth strategy. We wish the combined team continued success in the future.”
Paul Cox, CEO of Reconomy, added:
“I am delighted with the assistance that Quercus provided to our team in developing our strategy and in helping us to focus on value enhancing opportunities as well as for their support throughout the acquisition of AWS. Their sector knowledge, experience and transaction management skills made a real difference to us in this process. We are extremely pleased to welcome AWS into our group and look forward to continuing to pursue our growth strategy in the UK.”