MC Vanguard advises on sale of Crest Environmental

MC Vanguard Corporate Finance has advised on the sale of Crest Environmental to AA Woods Holdings.

Based in St Helens, Crest Environmental, which was founded in 1999, undertakes asbestos remediation, contaminated land clearance, waste packaging and disposal, surveying, industrial cleaning, plant dismantling and re-instatement works to both the private and public sectors.

AA Woods Holdings is the parent company of AA Woods, which provides asbestos remediation services across the UK.

With the addition of Crest Environmental, the combined group is expected to turn over in the region of £15m based on the most recently filed accounts.

Crest Environmental will continue to operate as a stand alone business with its existing management team as it looks to further develop longstanding customer relationships and strengthen existing capabilities.

The company was advised by Brian McCann, partner, and James Curtis, corporate finance executive, of MC Vanguard, which has offices in Liverpool and Manchester.

James Curtis said: “Both Crest Environmental and AA Woods are well regarded in the asbestos contracting market, and will undoubtedly continue to grow across the North West and beyond after the transaction.

“We wish both parties all the best for the future.”

The shareholders of Crest Environmental were advised by Liverpool law firm Quinn Barrow.

AA Woods was advised by law firm Mullis & Peake.