Irwin Mitchell Advises Fast-Growing Business On Latest Deals
The UK’s leading provider of outsourced waste management and recycling services, Reconomy, has announced the acquisition of Gosport-based waste management company, Nationwide Services Group (NSG) as well as a boutique packaging compliance consultancy.
The two deals follow the Telford-based company’s purchase of Advanced Waste Solutions (AWS) at the end of October.
Combined with organic growth, Reconomy’s overall group turnover is now forecast to be in excess of £330m at the end of this year.
NSG, founded in 1992, has built key relationships in the construction, fit-out, retail and commercial sectors and was one of the first outsourced service companies to offer tool and plant hire via a network of service providers.
The latest acquisitions follow that of Prismm Limited which Reconomy bought in April. Other recent acquisitions include Waste Check, Helistrat and Valpak.
Matt Smith, corporate associate, and Emma Callow, corporate partner, at Irwin Mitchell advised Reconomy on the deal.
Expert Opinion“These two deals take the total number of acquisitions made by Reconomy to three in the space of three weeks and clearly highlight its ambition to grow and bolster its offer in a broad range of sectors across the UK.” Matt Smith - Associate Solicitor
Commenting on the acquisition, chief executive of Reconomy, Paul Cox, said: “We’re delighted to welcome NSG, AWS and our new consultancy business into the Reconomy group. The additional tool and plant hire capability means we can offer an even broader range of products and services to our customers. This promises to be an exciting end to 2019 and, as ever, is testament to the hard work and dedication of the whole Reconomy team.”
Paul Smith, managing director of Nationwide Services, said: “We are very excited to be joining the Reconomy group, a move that we believe offers significant opportunities for the future development of NSG, our customers and our people. Our strengths are complementary, meaning that both companies as well as our customers will benefit.”