Beauparc, which is owned by private equity firm Macquarie Asset Management, says the Acumen purchase for an undisclosed sum “reinforces” its efforts to become a complete in-house total waste management company.
Acumen, based in Yorkshire, was founded in 1994 serves over 1,000 customers across the country and specialises in difficult waste.
It operates a hazardous liquid treatment plant and a 250,000 tonne waste treatment and recovery facility near York, as well as hazardous transfer stations in West Yorkshire and Wolverhampton.
It has also worked on cleaning up fly-tipping waste with councils (see letsrecycle.com story) and helped the Environment Agency treat waste returned after being illegally exported (see letsrecycle.com story).
According to Beauparc, Acumen has “developed a highly reputable brand and range of services” which complement their total waste management solution.
Brian McCabe, chief executive of Beauparc, commented, “Acumen Waste is a leading specialist waste company with a best-in-class team providing premium service offerings to a loyal customer base. The combination of Beauparc and Acumen is highly complementary and now enables our joint business to offer market leading services across several specialisms in our core catchment areas.
“We are delighted to work with the wider management team to continue delivering quality services to the broader Acumen and Beauparc customer base.”
As part of this transition, Acumen board members and shareholders Leon Kirk and Jon Morris will be stepping down from the board.
The existing senior management team will remain within the business and managing director, Andy Crossley and Finance Director, Kris Sutton will work alongside Beauparc’s management to develop and deliver Acumen’s specialism and service offering throughout the group.
Mr Crossley remarked: “We’re absolutely delighted to be joining an organisation that aligns so closely with our own values. Like Beauparc, Acumen has grown to become a leader within the specialist and difficult waste sector and we’re very proud of the brand, achievements and customers that have become part of this journey with us.
“Moving forward we’re excited to be able to deliver the same innovative and specialist solutions for our own customers but also help provide total waste management to Beauparc’s existing customer base. Retaining the knowledge and people within Acumen, as well as the support from a much larger organisation will bring with it greater benefits for all.”
The Acumen shareholders were advised by Park Place (corporate finance), Clarion (legal) and Saffrey Champness (tax). Beauparc was advised by TowerView (corporate finance) and Burges Salmon LLP (legal).
The move for Acumen comes on the back of a string of acquisitions made recently by the private equity-backed group.
The Acumen purchase also further strengthens Beauparc’s activities across a large swathe of northern England and the Midlands.