Container specialist acquired by US-based PE-backed suitor
Winsford-based UK Container Maintenance (UKCM) has been sold to US-based private equity-backed Impact Environmental Group (IEG), for an undisclosed sum.
UKCM is a family-owned and managed business that was established 25 years ago by Emma and Julian Elston.
It has developed into an established container repair and refurbishment company which works closely with local authorities, waste recycling and manufacturing companies as well as other organisations across the UK.
International law firm, Trowers & Hamlins and Heligan Group, advised Emma and Julian and other shareholders on the sale. Moad Giebaly, partner at Trowers, said: “It is always rewarding to work with owner managers and supporting clients to realise their future plans. It has been great to work with Colin and Andrew from Heligan on this deal.
Emma Elston said: “IEG’s combined vision is to bring a strategic collective of companies under one group to create a one-stop provider for all waste and recycling needs, inclusive of new products, replacement products, and refurbishment services.
“It was important to us to find a company that felt as passionate about UKCM, our core values, customers, and staff as we do, and we truly feel we have found this in IEG.”
She added “Dan and Moad are our go to for advice and guidance and over the years have been almost an extension of the business.”
Colin Strevens, partner at Heligan Group, said: “UKCM has grown substantially in recent years on the back of its laser focus approach to providing refurbishment solutions to national clients.
“Emma and Julian have created a real disruptive, tech-driven, business with a unique culture that has driven exceptional results. It was an absolute pleasure to help deliver this international deal alongside Emma and her fantastic team.”
The Trowers corporate team was led by corporate partner Moad Giebaly who was assisted by Amar Mehta and Tayler-Mae Porter, employment partner Rebecca McGuirk and Vikki Cunliffe advised on employment while further advice was provided by Anna Metham and Matthew Holbrook (property), Martin McFall (pensions) and Nathan Williams and Anna Shemeld (tax).
The Heligan team was led by Colin Strevens and Andrew Dickinson with support from Khaleem Ali and Azam Iqbal. The sell side team also included Claritas (tax) and Hurst (accountants). The buy side team included Lawyers (HCR) and FDD providers (MCG Capital).
