Management buyout takes place at Acumen
Acumen Waste Services, along with its parent company Waste Services Group and all its subsidiaries, has undergone the MBO for an undisclosed sum.
The deal, which was supported by a team of Yorkshire professional advisers, has resulted in the formation of a new company, Acumen Group Holdings.
We were founded in 1994 and we now have offices and waste facilities in Keighley, York, Stockton-on-Tees, Immingham and Wolverhampton.
Acumen’s executive board comprising of our directors Leon Kirk, Andy Crossley and Kris Sutton together with Acumen’s chairman Jon Morris, will take full control of our business with Jon Morris becoming non-executive chairman.
The deal allows the planned retirement of longstanding shareholders Ian Wray and Mark Tankard. Also retiring from the board, Tony Brittain will continue with his senior role in the Acumen business.
Morris said: “This MBO represents the next phase in the growth of the Acumen business. “The MBO team has worked together for over five years, during which time we have delivered significant and sustainable growth.
“This has included the acquisition and successful integration of Highspeed Group in West Yorkshire and establishing our facilities in North Yorkshire such as our waste treatment and recovery park at Escrick, and, more recently, our liquid waste treatment facility at Rufforth.
“We thank Mark and Ian for their important and longstanding contribution to the Acumen business.
“They have established solid foundations and enabled a smooth transition with an experienced team at the helm to guide the company on the next leg of the Acumen journey.”
This is exciting times for the business will new plans coming in to force in 2019. However, we will continue to offer great customer service to our clients. If you would like to know more about how we help businesses across the UK, please do not hesitate to get in touch with us today.
Head Office, Knottingley
Acumen House, Headlands Lane, Knottingley, West Yorkshire, WF11 0LA
Acumen Waste Services, Bowesfield Lane, Stockton-on-Tees, TS18 3HF
Acumen Waste Services, Lincoln Street, Wolverhampton, West Midlands, WV10 0DX
Acumen Waste Recovery Park, The Old Brick & Tile Works, YO19 6ED
Acumen Waste Services, No.2 East Office Building, East Dock Road, Immingham, Immingham Dock Estate, North East Lincolnshire, DN40 2 QJ
Keighley Office, Newbridge Industrial Estate, Pitt Street, Keighley, West Yorkshire BD21 4PQPhone: 0845 600 3572