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.
Law Firms: Addleshaw Goddard;
Clients: NorthEdge Capital LLP;