NorthEdge’s £16m MBO on Future Industrial Services (FIS) from One51 PLC


Addleshaw Goddard has advised NorthEdge Capital on its investment in environmental and industrial services specialist Future Industrial Services (FIS), backing the management buy-out from its Irish listed parent company, One51 PLC, at an equity value of £16m.

Headquartered in Kirkby, Merseyside, FIS works with clients including government, major utility and multi-national companies to provide a range of cost effective solutions to waste management and decontamination requirements.

Founded in 1999, the business operates a 75-strong fleet of specialist vehicles, and owns a market leading share of articulated vacuum tankers able to carry a wide range of products. Operating from eight sites across the UK, from the Scottish Borders to the South Coast, the company has a skilled workforce of over 275 employees and reported a turnover of £24m in the 12 months to 31st December 2016.

The AG team was led Corporate Partner Paul Medlicott (picture), and included Ollie Hincks, Rachael Norris and Becky Dove.

Involved fees earner: Paul Medlicott – Addleshaw Goddard; Rachael Norris – Addleshaw Goddard; Becky Dove – Addleshaw Goddard; Oliver Hincks – Addleshaw Goddard;

Law Firms: Addleshaw Goddard;

Clients: NorthEdge Capital LLP;