Acumen Waste Services

Acumen is a leading provider of sustainable solutions for hazardous and difficult waste. With its headquarters in Knottingley, the business operates from facilities in York, Dewsbury, Keighley, Wolverhampton and Teesside. It provides a range of services across the UK including complex industrial site clearances, transfer and treatment of hazardous waste and total waste management solutions.

Park Place has a longstanding relationship with Acumen having advised on the management buy-out (MBO) of the company and subsequent sale of the business to Beauparc.

The MBO enabled the management team to become majority shareholders in the company and facilitated the planned retirement and realisation of value for longstanding shareholders. Park Place advised the company on structuring, funding and delivering the MBO with funding provided by Barclays, Lombard Asset Finance and private investment.

Park Place was subsequently engaged by the shareholders to advise on a sale of the business. Following an extensive marketing exercise to domestic and international trade buyer plus private equity, Beauparc – an Irish company backed by Macquarie Asset Management – was selected as the preferred bidder. The sale enabled retired shareholders to exit in full while the current management, who continue to run the business, having retained an ongoing investment.

Andy Crossley, Managing Director of Acumen said: “Having worked with Ben and the Park Place team on our MBO in 2018 we had no hesitation in appointing them to advise the shareholders on a sale of the business. Park Place’s advice and guidance during the whole process was invaluable. They delivered what they promised: a very personal, partner-led service and a great outcome for the company and its shareholders. I would certainly recommend them to other owner managers in a similar position to us.”

Commenting on the sale of the company, Ben Peacock who lead the deal for Park Place said “Acumen is a highly regarded specialist waste management company that attracted significant interest from both trade and private equity acquirers. Beauparc’s desire to support Acumen’s ambition to become the UK’s leading provider of specialist waste services provides a compelling rationale for the transaction. I expect Acumen will grow significantly under Beauparc’s ownership and this is an exciting time for the Acumen team.”

 

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