PwC advise shareholders of Bagnall & Morris on its sale to Beauparc Group
The UK Corporate Finance team is pleased to announce the sale of Bagnall & Morris (Waste Services) Limited and B&M Secure Shredding Limited (“B&M Waste”) to Beauparc, owned by long term infrastructure investor Macquarie Asset Management.
B&M Waste provides recycling-led waste management solutions to more than 8,500 businesses across the UK. Founded as a family business in 1999, B&M Waste today operates facilities in the Liverpool City Region, Greater Manchester, West Yorkshire and West Midlands conurbations. The company employs over 200 people and works with national large blue-chip organisations right down to SMEs, and through its award-winning customer service, hi-tech solutions and ethos of recycling, it continues to offer a top-class service, diverting 100% of waste from landfill in many cases.
Beauparc is one of the UK and Ireland’s leading waste management companies. The acquisition will expand Beauparc's UK geographical reach as well as enable them to provide a broader range of services to the combined customer base portfolio. B&M Waste will continue to operate all its current operations supported by the wider group.
The PwC Corporate Finance team consisted of Matt Denmark, Jon Raggett, Richard Baty, Elizabeth Claridge and Ben Hick. PwC also provided vendor due diligence led by Syedul Hussain and tax advice led by Emma Suchland. CMS acted as legal advisers to B&M Waste.
“The family founded B&M over twenty years ago with one truck and built the business into a leading waste management business with over 8,500 customers, so it was absolutely key that we had the right adviser alongside us for this transaction. From our first meeting, PwC Corporate Finance demonstrated a deep understanding of our business, our market and, most importantly, our objectives as a family. The PwC team provided us with first rate advice and support from a senior and hands-on team throughout the entire process, which led to a fantastic outcome.”
