Keebles advises on Haz Environmental acquisition
We advised HSBC on the legal aspects of the acquisition of Haz Environmental (Haz) by Staffordshire based waste management company, Red Industries.
Red has expanded and strengthened its position as one of the UK’s leading independent waste businesses with this acquisition, which Corporate Finance Firm, Castle Square Corporate Finance, acted as the Lead Adviser.
It is the second time in 12 months that we have worked with Castle Square after we provided advice to HSBC around a £39m funding package for Red – from BGF and HSBC – to support its acquisition of Brownhills-based Environmental Resource Group (ERG).
James Burdekin, a senior associate at Keebles, said: “We were pleased to work again with the teams at Castle Square and HSBC to facilitate another acquisition by Red.”
Director Steve Bell from Castle Square said: “Following on from the acquisition of ERG, which created a platform to deliver the strategic growth plan, it was a pleasure to support Red on this acquisition.”
Chris Alsop, Relationship Director, Corporate banking at HSBC, said: “Red has an excellent management team who integrate acquisitions with care and skill – I am pleased to have supported them again, in taking the Group further in their growth story.”