Keebles advises HSBC on financial backing of waste management company’s expansion
Keebles has acted as legal advisor to HSBC UK Bank plc in connection with an acquisition by industrial cleaning specialist Staffordshire-based waste management company, Red Industries.
The deal sees HSBC’s customer Red Industries acquire Pro-Clean Industrial Services Ltd as part of the company’s expansion as one of the UK’s leading independent waste management companies.
The Corporate team, led by Senior Associate James Burdekin, advised HSBC on the backing it provided to Red Industries in connection with the deal.
Red Industries provides sustainable waste management services to customers based in Stoke-on-Trent in Staffordshire and Brownhills, Dudley and West Bromwich in the West Midlands.
James Burdekin said: “We were delighted to provide expert advice to HSBC for its part in what is a landmark deal for both Red Industries and Pro-Clean Industrial Services.
“The two companies are well-matched in terms of strategy and ethos, making this acquisition a perfect fit, and I look forward to seeing Red Industries’ continued expansion and growth as a result.”
Chris Alsop, Relationship Director, Corporate Banking at HSBC, added: “I am very pleased to have supported this high calibre management team once again, demonstrating that we remain open for business to high quality funding proposals, despite the pandemic.”