Quercus Corporate Finance announces the sale of Environmental Resource Group to Red Industries Limited

January 8, 2019
Andrew Clegg

The Quercus team, led by Mark Whelan, advised the Board of Environmental Resource Group (“ERG”), on the sale of the business to specialist waste and recycling company, Red Industries (“Red”), supported by a £39m funding package from BGF and HSBC.

Headquartered in Brownhills in the West Midlands with further operations in Dudley, ERG is one of the UK’s largest privately owned hazardous and non-hazardous waste management groups.  The founder shareholders have been transforming the hazardous waste industry for more than 20 years, driven by a vision to reduce materials away from landfill and provide clients with cost effective and environmentally compliant waste management solutions.

The combined business will have greatly increased scale enhancing its competitiveness in the marketplace as a result of cross-selling opportunities and increased economies of scale.  It will also provide Red with access to ERG’s market-leading sales and client support team and sought-after and innovative European trans-frontier shipment routes, unlocking further opportunities for the enlarged group.

Mark Whelan, Partner at Quercus said:

“We are delighted to have successfully helped the owners of ERG to sell the business to Red. ERG’s extensive customer base and strong, customer service focused culture and business model complements Red’s existing operations well."

Aron James, CEO and majority shareholder of ERG added:

“The shareholders of ERG are delighted with the result the Quercus team delivered for us.  It was a deal that will form a new and exciting entity within our sector and we are proud to have played a part within that.  Quercus were excellent throughout the process, guiding the shareholders through the challenges set before them.  Quercus’ sector expertise, was for sure, pivotal in getting the deal across the line.”

News Centre

Recent News

Quercus welcomes Michael Mortimor as an Associate Partner

Michael is a highly experienced dealmaker with over 20 years M&A, senior finance and strategy experience within the industrial sector. He has extensive cross border experience and has completed transactions in the UK, North America, Europe, Russia and China. His clients have included corporates, private equity houses and owner-managed businesses. Michael started his career at KPMG Corporate Finance and […]

Quercus advises Rydon on the sale of its Regeneration and Construction business

Quercus is delighted to announce it has advised the board of Rydon Group Holdings Limited (“Rydon”) on the sale of its regeneration and construction business to a management buy-in team (“Real”) led by Paul Nicholls. Rydon is one of the UK’s leading regeneration experts. It works closely with local authorities to deliver some of the […]

What is going on with Capital Gains Tax?

With national debt now at an eye watering £2.1 trillion, tax rises are back on the agenda. Winston Churchill wrote that: "The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing." One would not have been surprised to see Rishi […]

1 2 3 23
arrow-right