Private equity investment to acquire environmental risk reduction firm

An affiliate of US private equity firm Sun European Partners has agreed to acquire Adler & Allan, a Harrogate-based environmental risk reduction specialist, from funds managed by LDC for an undisclosed sum.

Adler & Allan started trading as Coal and Coke Merchants in London back in 1926.

Through steady growth and strategic acquisition it has become the UK’s leading provider of environmental risk reduction services covering both emergency response and scheduled maintenance across a wide range of critical asset infrastructure and contaminants.

It has built a network of 20 locations providing national coverage 24/7 with its 630 employees, and has emergency response contracts with over 250 UK organisations.

The business operates in a growing market, which has remained resilient during the pandemic.

Paul Daccus, managing director at Sun European Partners, said: “Business services continues to be a key area of focus for Sun European, and our investment in Adler & Allan is another example of our commitment to finding value in this sector.

“The company’s strong reputation for high quality service, as well as its leading position in the growing environment risk management market, shows its enormous potential.

“We look forward to working closely with the management team at Adler & Allan and supporting them in delivering their ambitious plans for growth both organically and through acquisitions.”

Sun European has a well-established understanding of the business services market through its current and prior investments, such as, Cotton Holdings, Horizon Services and Tier One Relocation Services.

Sun European was advised on the latest transaction by Rothschild & Co (M&A), PwC (Commercial), EY (Financial) and Kirkland & Ellis (Legal).

LDC was advised by Houlihan Lokey (M&A) and Squire Patton Boggs (Legal).