FRP have supported one of the UK’s leading liquid waste management businesses on its sale to a specialist engineering services provider.
Founded in 2007 by husband-and-wife team, Mike and Debbie Walker, CountyClean Group provides a 24/7 liquid waste management service to households and commercial organisations across London and the South East. It’s 48-strong team offers a wide range of solutions for customers, covering issues such as drain blockages, sewage treatment and liquid waste recycling.
It has now been acquired by Ipsum Group, a specialist provider of engineering services to the power, water, infrastructure and telecoms sectors, supporting over 4,000 different clients with their critical infrastructure needs. The business is backed by European private equity firm, IK Partners.
FRP Corporate Finance team was appointed by CountyClean Group to find a suitable buyer for the business. They ran a targeted marketing campaign before identifying Ipsum Group as the ideal partner to take the business forward. They then managed the negotiations and co-ordinated the financial due diligence, managing the process through to completion.
The deal will allow CountyClean Group to draw on Ipsum Group’s extensive expertise to offer a broader range of engineering, design and consultancy services to its customers. Meanwhile Ipsum Group will now be able to add new liquid management capabilities, along with the business’ Surrey waste treatment and recycling facility, to its existing offering.
