Acquisition snaps up water and air hygiene management specialist
BGF-backed Environmental Essentials has completed its second acquisition, as part of a buy-and-build growth strategy.
The company, a UK asbestos service providers, has acquired Sheffield and Sandbach-based Quality Environmental Services Limited (QES) for an undisclosed sum, providing a significant route into the water/air hygiene sector.
The deal follows the acquisition of Adams Environmental in November 2022, which was supported by follow-on funding from growth capital investor BGF.
QES is a water and air hygiene management specialist, employing 35 people and working across food manufacturing, healthcare, leisure and hospitality, and education, to develop and deliver air and water quality regimes to organisations.
As part of the deal, co-founders, Tim Jones and Dave Beatson, will remain with the business, bringing a wealth of water and air hygiene expertise to Environmental Essentials.
Richard Powner, executive director and co-founder of Environmental Essentials, said: “The acquisition of QES makes perfect sense for us.
“Water hygiene, air hygiene, and asbestos management, are three major areas of compliance and highly complementary from a business perspective.
“By incorporating the wealth of expertise and capabilities of QES into our business, we can diversify our offering and gain national coverage for our water hygiene services.
“Not only does it allow us to cross-sell our existing services into new and untapped markets, while providing our workforce with a fantastic opportunity to upskill in the area of water and air hygiene, but it also strengthens our compliance proposition, which includes our recently launched online risk management tool, OMNI.”
The web-enabled asbestos database provides real-time risk and compliance information to help manage property portfolios and associated projects.
The software enables companies to store and manage asbestos, Legionella and other compliance-based risks and data in one portal.
In total, BGF has invested £5.6m in Environmental Essentials.
BGF investor, Jon Earl, added: “The acquisition of QES is yet another demonstration of the team’s ambition and desire to build a company that has the strength and depth, in personnel, services and technological capabilities, to meet the growing needs of customers across the compliance landscape.
“BGF’s aim is to invest in innovative and exciting businesses that are vital to the country’s economic growth – dynamic businesses that are well positioned to seize opportunities and manage a multitude of challenges in a measured way.
“Environmental Essentials is an excellent example of this and we’re pleased to be supporting them with their latest acquisition.”
Based in Stoke-on-Trent and also operating from offices in Glasgow, Crawley, and London, Environmental Essentials employs over 200 people and provides asbestos management, training and surveying to businesses, local authorities and public sector organisations.
Beswicks Legal and Dains Accountants advised Environmental Essentials on the acquisition. TLT advised QES.