Outsourcing specialist Reconomy has today (12 February) announced its latest acquisition, completing a deal for the north London-based waste management firm ACM Environmental.
Based in Waltham Abbey, ACM has more than 25 years’ experience in commercial waste management for a range of sectors including hotels, shopping centres and retail.
On its website, ACM describes itself as a “full-service waste and recycling company”, which works with clients to find “inefficiencies and cost savings within their waste streams”.
Reconomy’s purchase of ACM, which won the coveted Waste World Cup tournament in 2011 (see letsrecycle.com story), was described as the next step in its “ambitious plan” and follows four similar acquisitions it made in the 2019 calendar year.
The outsourcing firm explained that following this growth, the group’s combined revenue for the end of 2019 surpassed £330m on a pro-forma basis.
“The addition of ACM Environmental allows Reconomy to continue its strategy of providing the most comprehensive range of services and best customer experience across the commercial sectors,” the group said in a statement.
Commenting on the announcement, chief executive of Reconomy, Paul Cox, said: “Reconomy had an exciting end to 2019, concluding acquisitions that broadened our product offer and strengthened our position for our core sectors.
“We’re delighted to build on that with this exciting deal, which adds innovation and extra capability to the group. We welcome all of our new ACM Environmental colleagues to the Reconomy Family and look forward to successful times ahead”.
Travis Way, managing director of ACM Environmental said: “Our focus on innovation, technology and customer service fits neatly with the Reconomy ethos. Their recent growth has been phenomenal”.