Leicester waste management firm makes multimillion-pound double acquisition
Hinckley-based MAC Waste Management UK has bought Staffordshire-based WCL Quarries and Drygon 8.
MAC Waste Management UK is part of the MAC Group of companies, which specialises in the removal and recycling of construction waste. The group also operates a portfolio of skip hire and other waste disposal businesses.
MAC Group is privately-owned by entrepreneur Marcus Clay, who has bought the companies as strategic investments as a long-standing customer of WCL Quarries Group, which operates two quarries and is involved in the recycling and disposal of inert construction waste and the sale of quarried and recycled aggregates.
The multimillion-pound transaction was funded by Cambridge and Counties Bank, with Azets advising Clay.
Clay said: “This is the fifth acquisition the teams at Azets and DWF have supported us on and we’re delighted to have completed the deal. As ever, Azets and DWF were on hand to ensure the process went smoothly and get us over the line providing us with clear, pragmatic and commercially focused advice.
“The purchase of WCL Quarries and Drygon 8 is an important, strategic milestone for MAC Waste Management and the personal approach from Martin Poole and Mark Gibson and their respective teams was invaluable in unravelling the complexities associated with the transaction. We look forward to working with Azets and DWF again on future potential transactions.”
Martin Poole, corporate finance partner at Azets, said: “This strategic acquisition complements MAC Waste Management’s existing business. It will enhance the group’s market position and enable it to further benefit from large infrastructure projects such as HS2. We’re pleased to have completed the deal and proud to have once again demonstrated our technical expertise and customer-focussed services in a significant multi-million-pound deal.”
Mark Gibson, partner and head of corporate at DWF in Birmingham, said: “Having worked closely with Marcus and the MAC Group of companies over a number of years, it’s been a pleasure to support the business in achieving these latest strategic acquisitions.”
A L P Ambrose Minerals, Greenfield Finance, and Cambridge and Counties Bank also acted on behalf of MAC Waste Management. RG Corporate Finance, The Wilkes Partnership, and Inspired Accountants acted on behalf of WCL Quarries Group. Freeths acted for Cambridge and Counties Bank.