Landfill operator Enovert acquires waste management specialist Highfield Environmental Limited
Landfill site operator Enovert has confirmed its acquisition of Highfield Environmental Limited, the specialist landfill and composting services provider based in Billingham, North East England.
The addition of Highfield Environmental Limited to the Enovert Group increases the range of specialist disposal services Enovert is able to provide and follows Enovert’s acquisition of ABC Power Solutions, the UK’s leading gas engine specialists, earlier this year.
Established in 2003, Highfield Environmental operates two sites, located close to Middlesbrough at Teesport and Cowpen Bewley. Highfield offers secure disposal of hazardous, non-hazardous and non-biodegrade waste to landfill, as well as composting of a range of biodegradable wastes and handling of suitable site restoration materials. Its facilities are strategically located to provide services to businesses across the region.
CEO of Enovert, Mark Silvester, said: “The Enovert team is delighted to have acquired Highfield Environmental Limited. The synergies between the two businesses and range of facilities operated by Highfield are a great fit for us. Highfield’s strong presence in the region provides Enovert with an established foothold in the North East that complements our existing operations and creates new opportunities for the business.The acquisition is in line with our strategy to grow the business and broaden the range of services Enovert brings to the sector”.
Duncan Martin, CEO of Highfield Environmental, added: “It’s good news for Highfield that we are being acquired by a strong business with experience and growth plans in our sector and our current business will only become stronger as a consequence of this acquisition.”
The sale process was managed by Deloitte LLP’s Birmingham-based Advisory Corporate Finance team led by Director, Andy Moody and including Partner, Darren Boocock, Assistant Director, Alex Watts, and Associate, Abigail Hyde with legal advice provided on the sale process by Shoosmiths LLP, led by Partner, Dan Shilvock.
Andy Moody commented “I am delighted to have supported the Highfield Environmental team throughout this process; leveraging the Deloitte team’s considerable experience of complex transactions and sector knowledge to identify a strong strategic acquirer in Enovert, and to deliver an outstanding result. This is a fantastic outcome for all concerned - Enovert has acquired a strategically located asset in the North East to strengthen its portfolio and Highfield Environmental has found a long-term home within which it can continue to flourish”.
The multidisciplinary deal advisory team at KPMG UK acted on the investment on behalf of Enovert led by Will Griffith associate director in UK’s corporate finance team who said “this investment will enable Enovert to add capacity and geographic coverage for hazardous and non-hazardous waste disposal, and it further cements their position as a key player in the industry”. The Enovert Management Team was advised by KPMG M&A (Will Griffith and Giles Taylor), KPMG Transaction Services (Chris Stott, Emma Rhodes, Sarah Harding), KPMG Tax (Louise Warne, Barbara Bell, Zak Hawley).
Legal advice was provided to Enovert by the multi- disciplinary Infrastructure & Energy team at Walker Morris LLP led by Partner, Tim Jackson-Smith supported by Director, Paul Dinning and Associates, Jake Smith and William Oakes, with specialist tax advice from Partner, Nicola Parkinson.