Exponent Private Equity acquires DCC Environmental
Exponent Private Equity LLP has announced that it has reached an agreement with DCC plc to purchase its environmental division, DCC Environmental.
DCC Environmental is a leading waste management, resource recovery and water services business based in Ireland and the UK. Operating in the specialist hazardous and non-hazardous sectors, the company delivers services to the industrial, commercial and municipal sectors. It operates as Enva in Ireland and William Tracey Group, Oakwood Fuels and Wastecycle in the UK. DCC Environmental has 21 operational facilities and employs more than 1,000 people.
Under Exponent’s ownership, the management team will continue to be led by Tom Walsh, Managing Director of DCC Environmental, and Simon Dick will continue in his role as MD of Enva.
Exponent will be appointing Niall Wall as Chairman of the Business. Niall was previously CEO of Ardagh Group for more than 10 years, a global leader in packaging solutions. Prior to joining Ardagh, he was the CEO of Sterile Technologies, a medical waste management company with operations throughout the UK and Ireland.
Commenting on the acquisition, Tim Easingwood, Partner at Exponent, said
“We are delighted to be investing in DCC Environmental. The four businesses – Enva, William Tracey Group, Oakwood Fuels, and Wastecycle – have each built leading positions in their respective markets, supported by excellent management teams, differentiated service offerings and strong relationships with a broad customer base. Exponent is looking forward to working with the management team to continue to capitalise on the Business’ strong reputation and market positions to unlock its full potential.”
Also commenting, Simon Dick, Managing Director of Enva, said
“This is an exciting new chapter for our business. We are looking forward to the expansion of our service offering and the continued development of innovative solutions for the significant waste and water issues facing our customers”
The transaction is expected to complete in the next two months, following receipt of competition clearance from the Irish competition authority.