Thu, 25 Nov 2021 | BUSINESS NEWS
Waste management services firm UK Waste Solutions has said it will target acquisition-led growth after securing financing from Santander UK. The company operates through two main brands, Novati and Click Waste, arranging the collection of around 154,000 tonnes of non-hazardous waste from approximately 6,000 customers last year.
The company has now secured a multi-million-pound revolving credit facility from Santander UK, which it will use in support of its plans to grow sales from £60 million to £100 million by 2024. The firm plans to achieve this largely via acquisitions, saying it will look to acquire “several complimentary businesses over the next five years”.
UK Waste Solutions has made four acquisitions in the waste management space over the past three years. The most recent acquisition, completed in October 2021, saw the company take over AMA Waste Management, which it projected would add £15 million in annual revenue.
UK Waste Solutions’ Managing Director Max Kanda commented: "As a business, both organic and acquisitional growth have delivered us very strong results over the past five years.”
"To achieve our targets, including the acquisition of AMA Waste Management, Santander UK has provided us with the support we needed in the form of a revolving credit facility that enables us to continue along our growth projections."
Santander UK Relationship Director Martin Brummitt said: "UK Waste Solutions Ltd is a high-growth and acquisitive business with an exciting future ahead."
Find businesses for sale here.
If you are looking for an exit, we can help!
Provides a comprehensive traffic management service covering project management, surveys, planning, design, local authority liaison and the installation/removal of temporary traffic management systems. Carries out work in all areas, including multi-p...
LEASEHOLD
The owner has been trading since 2007 and based in leigh lancashire specialising in design, supply, and fitting of UPVC doors and windows for conservatories, orangeries, porches, canopies, fascias and soffits and supalite tiled roof systems. This wel...
RELOCATABLE
Specialises in the provision of 24-hour roadside recovery and assistance solutions for all types of vehicle. The company holds PAS 43 certification, enabling it to provide services for police, ambulance and council vehicles, and works with all major...
RELOCATABLE
|
16
|
|
May
|
Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE
Manx Financial Group Plc has announced the acquisition of Pa...
|
13
|
|
May
|
Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION
The US House Group modular housing joint venture has fallen ...
|
12
|
|
May
|
Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE
Bathroom and kitchen products firm Norcros has agreed a deal...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources