New owner targeting diversification and growth after takeover deal
A Blackburn-based luxury portable toilet and showers business has been acquired, for an undisclosed sum.
North West Portable Toilet Company hires out its stock for events and shows, including music concerts, weddings, sporting events and agricultural shows.
New owner, Ed Best, aims to diversify and grow the business.
Ed struck a deal with founding shareholders Alan Bretherton and Jacqueline Aspin.
It is his first major venture as a business owner, having spent the past 10 years as a regional manager for recycling and waste management firm Suez.
The corporate team at law firm Harrison Drury advised Ed on the acquisition, which was partly backed by asset finance arranged by David Houghton at Dealer Net Finance.
Ed said: “When the opportunity to acquire the business from Alan and Jacqueline came up it seemed like one that was too good to miss. I’m already loving working with our small, dedicated team and servicing our fantastic clients across the region.”
He added: “Using my experience from the recycling and waste management sector, I’m also looking at ways to diversify the business and we’ve identified septic tank servicing as a big opportunity and one that’s still aligned with the core business.”
Timothy Grover, associate solicitor in the corporate team at Harrison Drury, welcomed the successful conclusion of the deal for Ed, adding: “This represents a new chapter in his life and career and we’re proud to have helped make it possible for him. I’m sure he will continue to build on the company’s success to date.”
The company was founded in 2016 and has provided toilet and shower hire services for events including the Royal Lancashire Show, Great Eccleston Show and Cumbria Steam Show. Sporting clubs like Lancashire Cricket are also among the company’s client base.