M&A Deal Summary

Augean Acquires Future Industrial Services

On March 22, 2023, Augean acquired environmental company Future Industrial Services from NorthEdge Capital

Acquisition Highlights
  • This is Augean’s 8th transaction in the Environmental sector.
  • This is Augean’s 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-03-22
Target Future Industrial Services
Sector Environmental
Buyer(s) Augean
Sellers(s) NorthEdge Capital
Deal Type Add-on Acquisition
Advisor(s) Ernst & Young Capital Advisors (Financial)
Gateley (Legal)

Target

Future Industrial Services

Liverpool, United Kingdom
Future Industrial Services is a provider of Waste Management and specialised Industrial Services to meet the requirement of Government Agencies, Local Authorities, Public Utilities, national and multi-national companies. All of who demand the highest standards and cost effective solutions to their waste management, industrial cleaning, emergency spillage response, decommissioning and decontamination requirements. Future Industrial Services was founded in 1999 and is based in Liverpool, United Kingdom.

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Buyer(S) 1

Buyer

Augean

Wetherby, United Kingdom

Category Company
Founded 2004
Sector Environmental
Employees316
Revenue 92M GBP (2020)
DESCRIPTION

Augean provides modernising hazardous waste management services. Augean was founded in 2004 and is based in Wetherby, the United Kingdom.


DEAL STATS #
Overall 8 of 8
Sector: Environmental M&A 8 of 8
Type: Add-on Acquisition M&A Deals 8 of 8
Country: United Kingdom M&A 8 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-19 Colt Holdings

Hull, United Kingdom

Colt Holdings Ltd. is a provider of industrial services to a range of customers including major industrial companies, oil refineries, rail and utilities.

Buy £9M

Seller(S) 1

SELLER

NorthEdge Capital

Manchester, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 900M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

NorthEdge is a lower mid-market buy-out and development capital investment firm focused on investing in the Northern part of the UK. NorthEdge looks to commit £2 to £50 million in companies generating at least £5 million revenue and £0.5 million in profits. NorthEdge does not have any stated sector preferences and seeks to work alongside ambitious management teams when pursuing transactions. The Firm launched its firms fund in 2011 and has offices in Manchester and Leeds.


DEAL STATS #
Overall 19 of 23
Sector: Environmental M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 9
Country: United Kingdom M&A 18 of 22
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Qodea

Manchester, United Kingdom

Qodea is a cloud transformation and infrastructure specialist. Qodea works with organizations to modernize their technology stack, providing consultancy, implementation, billing and managed services for both Google Cloud Platform and Workspace. Qodea was founded in 2008 and is based in Manchester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Abbey Logistics Group

Golborne, United Kingdom

Abbey Logistics Group is a logistics provider specializes in the transportation of bulk food products in liquid and powder tankers across the UK and Northern Europe. Abbey Logistics Group was founded in 1973 and is based in Golborne, United Kingdom.

Sell -