NORTHEDGE-BACKED environmental firm buys NES
04 Oct 2020
A NorthEdge Capital-backed environmental and waste services provider in Liverpool has acquired the trade and assets of Neston Environmental Services (NES).
Future Industrial Services (Future) employs 300 staff across seven facilities and specialises in industrial cleaning, decontamination and cold-cutting.
The deal is designed to provide opportunities for growth across the group's industrial and environmental offerings, and includes the purchase of two DISAB tankers and a range of industrial equipment.
It is the second acquisition for Future since NorthEdge's backing of the business through an MBO in 2017 and follows the takeover of Colt Industrial Services in 2018.
Chief executive David Lusher said: "The addition of NES represents a major expansion to our current North West-based environmental services and specialist industrial services operations.
"NES has been a successful and well-managed company since it was founded in 2007. This is good news for Future and represents another important milestone for the company."
George Potts, director at NorthEdge, added: "Future's services are becoming increasingly vital to UK industry.
"Their responsible, auditable environmental and waste management services are key to customers' recycling, waste reduction and recovery targets."
Gateley advised Future on the deal. NES was advised by Camlee Group and Bermans.