Investment firm snaps up majority stake in waste management specialist

Investment management firm TowerBrook has taken a majority stake in Axil, the Northants waste management company.

Towerbrook has invested in Axil through its Impact strategy, TowerBrook Delta which supports “high-potential companies with impact at their core”.

Edward Pigg, managing director at Axil, said: “We’re excited to welcome Towerbrook as our partner as we share the same enthusiasm and energy to improve the environmental performance of our customers.

“Our teams share many common values, and we look forward to continuing our track record of growth with their support. What impressed the Axil team during the shareholder transition was the level of engagement and interest demonstrated by TowerBrook with our staff at all levels.”

Tom Redpath, head of Europe at TowerBrook Delta, added: “We are delighted to partner with Axil. Axil is a great example of the deep thematic work we do in TowerBrook Delta to find high growth, high potential, high impact businesses with great teams underpinned by enduring economic and behavioural demand.

From the outset, there was real energy and chemistry with Ed and the Axil team. They embody what we seek in a partner – high-performing, high-potential, high-integrity, with low ego and a relentless drive for growth and improvement.”

Recognised as one of The Sunday Times’ Best Places to Work and winner of Scale-Up Business of the Year at the 2024 Lloyds British Business Excellence Awards, Axil has been named in The Financial Times FT1000 Europe’s Fastest Growing Companies 2025.