Waste company completes management buy-out
Swinton based waste firm Roydon has undergone a management buy-out for an undisclosed amount.
The deal was completed with the backing of Sedulo Corporate Finance and will see the existing management shareholders take full ownership of the business.
The deal also means the founding shareholders are moving on to pursue new goals.
The transaction is set to enable the next generation of shareholders to continue business growth with full control.
Established in the mid 1970’s, the Swinton based group is made up of five trading companies which collectively provide a comprehensive waste solution.
Specialising in plastics, the group processes all pre and post-industrial PET along with HDPE and PP, and recycles into high quality flake and PET regrind.
A statement from Roydon new owners said: “We’re very excited to have completed this transaction and are looking forward to the next few years as we enter a new stage in the Roydon journey.
“I’d especially like to thank Benn Longshaw and the team at Sedulo for their help in preparing the business and coordinating the different parties involved in the process.”
Benn Longshaw, Sedulo’s Corporate Finance Partner, added: “We have been working with Roydon in an accounting capacity over a number of years and we are proud to be part of their impressive growth story so far
“Being then able to facilitate a transaction that sees the founding shareholders rewarded for their hard work over the years, and the existing management able to benefit further from future performance is a fantastic result.
“We wish both the existing and departing shareholders all the best for the next part of their journeys.”
Roydon plan to continue their organic expansion in the coming years, benefitting from the increasing government-backed initiatives aimed at improving domestic recycling rates. If the current success continues, there may even be an acquisition or two in the too distant future.
Thomas Sutcliffe from Excello Law acted for the existing management team, and Gareth Williams from GHW Solicitors acted for the departing shareholders. Funding for the transaction was provided by Barclays Bank, represented by Robin Richards