Transaction with RILTA
1 May 2018 |
Enva Group, a key provider of waste and environmental services across the UK and Ireland, today announces that it has agreed to acquire RILTA Environmental (“RILTA”)*, whereby RILTA operations will merge with Enva in Ireland. The new combined entity will trade under the Enva brand. Completion of the transaction will be subject to approval by the Competition and Consumer Protection Commission (CCPC) in Ireland.
RILTA provides hazardous and specialist waste services to clients across the commercial, industrial, construction and local authority sectors in Ireland. Founded over 40 years ago, and headquartered in Dublin, RILTA operates four licensed facilities and employs 130 people in the Republic of Ireland and Northern Ireland.
The combination of these two complementary businesses is expected to create the second largest provider of hazardous and specialist waste services in Ireland. The expanded offering and scale of the combined business will give customers enhanced access to local and export treatment and recovery options.
Commenting on the acquisition, Tom Walsh, CEO of Enva Group, said: “We are delighted to welcome the RILTA team into our group. RILTA has a proven track record and a recognised capability in managing and recovering hazardous and specialist wastes, which fits well with our own offering. The combination of our business in Ireland with RILTA will bring a wider range of waste recovery capabilities for our customers.”
Niall Wall, Executive Chairman of Enva Group, commented: “This transaction is another important and exciting step in Enva Group’s evolution, and positions us well to compete with large international service providers. Adding businesses with specialist expertise has been a central part of our growth strategy, and we aim to continue investing in companies focused on the recovery and recycling of valuable raw materials as we build our platform in the UK and Ireland.”
Simon Dick, MD of Enva in Ireland said: “Coming together with RILTA makes sense. Merging the two companies gives us the scale to offer a broader range of more attractive local waste treatment and recovery services - particularly to larger multinational clients in Ireland that to date have simply exported the majority of their specialised waste streams”.
Also commenting, Ronan Sharkey, Managing Director of RILTA, said: “This is a great transaction for both RILTA and Enva. The enhanced scale of the combined business will allow for greater opportunities for employees, as well as resulting in a superior customer offering. I look forward to working closely with Simon Dick and the wider Enva team to ensure the smooth integration of the two businesses, as the company moves into this next exciting phase of its development.”
For further information, please contact:
UK - Kit Dunford - +44 (0)20 3727 1143
Ireland - Patrick - +353 (0) 86 602 5988
About Enva Group
Enva Group is a provider of waste collection, resource recovery solutions and water services across the United Kingdom and Ireland. The business, through its operating brands - William Tracey Group, Wastecycle, Enva, Blue Sky Plastics and Oakwood Fuels - employs over 1,100 people across 22sites, and will shortly all be rebranding under a single brand, Enva. The business recovers a broad range of hazardous and non-hazardous waste materials for re-use in manufacturing and for energy conversion, and is majority owned by Exponent Private Equity and Niall Wall Executive Chairman with the management team owning a significant stake.
About RILTA Environmental
RILTA Environmental provides hazardous and specialist waste services in Republic of Ireland and Northern Ireland. The business, which operates processing facilities at Greenogue Industrial Estate in Dublin and at Toomebridge, County Antrim, employs 130 staff and provides a range of commercial, industrial, construction and municipal hazardous and non hazardous waste solutions.