Serious Waste Management Ltd, headquartered in Burton upon Trent and established in 1995, is a market leader in waste management. Providing a range of services covering wastewater, sewage treatment, desludging and grease control systems to both domestic and commercial customers nationwide.
SME credit fintech Caple and Close Brothers supported the management buy-out (MBO).
The investment has enabled existing managing director Jeremy Proctor, who has been running the business for the last four years, to buy out the founding shareholders with the help of two other business partners. The founding shareholders were non-operational.
The MBO will enable the firm’s next phase of growth. The management team can now implement its plans and invest in the business. As a result of the transaction, the business expects to grow by around 50% in the next two years and create up to 20 new jobs.
In May 2021, Frazer Hall were delighted to act for the owners in the sale of Serious Waste Management Limited to its management team and Able Services PDM Limited.
The Company has a strong and distinctive brand – see www.weareserious.co.uk
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