IEG acquires fourth UK waste products business
Thu, 07 Dec 2023 | BUSINESS SALE
Impact Environmental Group (IEG) has expanded with the acquisition of Capital Compactors (CCL), a West Sussex-based provider of waste compactors and balers. The company is the fourth major UK waste products and services firm to join IEG, following DuraFlex, Taylor and UKCM.
CCL was founded in 2000 by Alistair and Jo Lindsay, who engaged Quercus International to help them find a buyer when they decided to retire. According to Quercus International’s Mark Whelan, the founders developed the business “from an idea into the UK's leading manufacturer of high-quality waste compaction and baling equipment.”
The company provides and services recycling balers and waste compactors for waste operators and other end-users, who acquire the machinery via leases or rental contracts, as well as through upfront purchases.
IEG said that it anticipated a “seamless transition” of the business, which was acquired as part of its customer service-oriented growth strategy. CCL’s existing team will remain in place following the acquisition, including Managing Director Daniel Parsons and Technical Director Laurence Lindsay, who will receive support from IEG’s Managing Director EMEA Mike Braddock.
Braddock commented: "The acquisition of CCL adds yet another premier service offering to the IEG EMEA portfolio. We've been so fortunate to build the EMEA family with such respected companies now adding another in CCL.”
"Their value and reputation in the waste industry make us a more complete supplier to our core customers by providing bins, wear parts, services and now compactors and balers."
Jo Lindsay said: "As the company has grown, CCL's brand has become highly respected throughout the waste industry. Its reputation for providing reliable equipment and excellent service has attracted many offers to acquire the business, but for us to consider handing over our much-loved company we had to feel sure whoever took over would be the perfect fit.”
Mark Whelan of Quercus International added: "Al and Jo were keen to retire and asked Quercus International to help them find a buyer who would both protect and enhance their legacy. Through a pre-existing relationship we had with IEG in the UK, we found a buyer that would be able to do just that."
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