Aberdeen backs EDSR buy-out
Article Date: Mar 05 2007A decontamination specialist has been bought by its management in a deal backed by Aberdeen Asset Managers Private Equity. EDSR, which provides its services to owners of industrial sites, was acquired for an undisclosed sum.
The buy-out team was led by managing director Tom Brankley, who has developed the business since 2002 as a division of Euro Dismantling Services, a Sheffield-based demolition company.
Aberdeen’s investment was led by director Colin Stirling, who has joined EDSR’s board post-completion. The firm’s equity was complemented by Yorkshire Bank, which provided senior debt and working capital, with asset-based lending by HSBC.
This is Aberdeen’s second investment in the environmental services sector recently after it bought water treatment specialist Enpure in November.
EDSR provides project management services from its offices in Yorkshire and Kent as well as helping business owners with their regulatory compliance. The company’s services include site investigation, process engineering, contract management and liaison with regulatory and planning authorities.
