The Quercus team, led by Andrew Clegg and Kevin Walkinshaw, advised OCS on the sale of the company to Leeds-based Lexia, whose divisions include Rhodar, one of the UK’s biggest and longest established asbestos removal contractors.
Financial details have not been disclosed.
OCS Environmental Services Limited is a specialist asbestos removal business with operations in London and the south of England. The company has extensive experience and expertise in working with asbestos, successfully completing projects across the UK for both public and private sector organisations.
Andrew Clegg, Quercus Partner said:
“I am delighted that we have found OCS’s asbestos business such a good home. OCS Environmental Services has an excellent reputation and strong client base and the combination presents Rhodar with an excellent opportunity to further strengthen and expand its presence in the South of England.”
Paul Ranson, Group M&A and Projects Manager for OCS, added:
“We are delighted that our asbestos removal business is now partnering with an organization with the experience and track record to maximize the available growth opportunities. We are also pleased to have benefited from the wise counsel and experience of Quercus Corporate Finance. There was much complexity to navigate in this deal and Andy and Kevin’s tenacity, coupled with their relentless focus on producing a good result, made a real difference.”