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Benchmark International Advises on the Sale of Waste Check Limited to Reconomy Limited

Posted on February 27, 2018 By

Benchmark International has successfully facilitated the sale of Waste Check Limited to Reconomy Limited.

Waste Check is a waste broker and management company specialising in the disposal of clinical and chemical waste materials for companies operating in numerous business sectors.

The acquirer, Reconomy, is a recycling and waste management service provider to the house building, commercial construction, infrastructure, and business & industry sectors. It was identified as an excellent fit for Waste Check, as it has allowed Reconomy to diversify into general and hazardous waste.

Reconomy has also been hot on the acquisition trail, acquiring companies in both 2015 and 2016, and through this and organic business growth the company achieved a revenue of £118m in 2016 and is predicting revenues of £135m by the end of 2018.

 

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Chief Executive of Reconomy, Paul Cox, said: “This is an important acquisition for Reconomy, which enables us to extend our waste management offering into a broader range of industries and commercial sectors. We will continue to expand our business portfolio and invest in the companies we acquire to enhance both their technological and waste reporting capabilities. This will help ensure our customers receive the best possible service. Waste Check is a family-run business with an established reputation for delivering excellent customer service, so its culture will align very well with that of Reconomy. We are looking forward to a long and prosperous future together.” 

Commenting on the process, Mark Jenkins, director and shareholder at Waste Check said: “The support, direction and advice you [Benchmark International] gave us from all areas of your business was first class and professionally delivered. We would not have been able to conclude the deal at such a high value without the input of your entire team. The feeling of elation at completion was something we will always remember. A truly great decision we took to sell our company supported by a truly professional and knowledgeable team. We thank you all so much for the way you realised our dream after 10 years to sell Waste Check as a going concern, which will see it flourish further under its new owners in the waste management industry.”

Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.

Reconomy website: https://www.reconomy.com/services/skip-hire  

 

WE ARE READY WHEN YOU ARE.

Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.

 

Schedule A Call

 

Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkCorporate.com

Europe: Carl Settle at +44 (0)161 359 4400 / Settle@BenchmarkCorporate.com

Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkCorporate.com

 

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 12 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.
 

 

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