Ambitious Midlands Business Targets Further UK Growth
Telford-based outsourced waste management services provider, Reconomy, has hit the acquisitions trail again and announced the purchase of Waste Check Limited.
Waste Check is based in Bromsgrove and was established in 2008 by Mark and Karl Jenkins. It offers a complete range of waste management services to commercial, domestic, industrial, demolition and construction companies, with a large presence in the private hospital and care centre sectors.
Reconomy is the UK’s leading provider of outsourced waste management services to the construction, house building, infrastructure and industrial and commercial sectors.
It co-ordinates in excess of 12,000 waste movements every week and manages approximately three million tonnes of waste each year. It currently predicts revenue of £130m by the end of this year.
The acquisition of Waste Check is the fourth for Reconomy since the start of 2015 and follows the purchase of Cory Environmental’s national waste brokerage businesses, Countrywide Waste Management Ltd and Network Waste.
Paul Cox, Chief Executive of Reconomy said:
“This is an important acquisition for Reconomy, which enables us to extend our waste management offering into a broader range of industries and commercial sectors.
“We will continue to expand our business portfolio and invest in the companies we acquire to enhance both their technological and waste reporting capabilities.”
The Birmingham office of national law firm, Irwin Mitchell, advised Reconomy on the deal.
Matt Smith, Corporate Solicitor at Irwin Mitchell in Birmingham, added:
“We are delighted to advise Reconomy on this latest deal. Over the last 10 years, Waste Check has built a solid portfolio of clients and a very strong reputation in the market. This along with its range of services makes it an ideal fit for Reconomy and will no doubt help support its expansion plans, not just in the Midlands, but across the UK.”