New era for Cumbria’s AMW Contractors after sale
A CUMBRIAN environmental consultancy, which offers customers a 24/7 spill response service after accidents and incidents involving chemicals, has been sold to national group Adler & Allan.
AMW Contractors, a £1.4m turnover company based at Wigton near Carlisle, has close links with its new owner, which is headquartered in Harrogate. Both firms worked on the Buncefield disaster clean-up in 2005/6.
Financial terms of the deal were not disclosed. The sale process of was led by Benchmark International Brokers, which is based in Bolton.
AMW was founded in 1990 by Mark Walker. It has a full-time staff of 11 and hires-in sub-contractors on a project-by-project basis.
Its Carlisle depot will become A&A’s northern contaminated land centre of excellence.
Mark Calvert, managing director of the Adler & Allan Group said: “We have worked with Mark and his team at AMW for many years and we know their strengths.
“There are many synergies between the two companies and they have an excellent reputation. This is a very exciting opportunity to strengthen our regional presence and we welcome their team on board.”
Benchmark International was mandated by AMW’s shareholders to sell the business, and marketed it for five months. Adler and Allan was identified as a strong candidate by the vendors early in the process.
Adler and Allan has operations nationwide and is backed by private equity firm Spirit Capital. In the year to the end of September its turnover rose from £40.2m to £44.6m.
