A St Helens firm which specialises in asbestos remediation has been sold to a national counterpart.
The parent company of AA Woods acquired Crest Environmental, which is located near to the Totally Wicked Stadium, for an undisclosed fee.
Founded in 1999, Crest Environmental undertakes asbestos remediation, contaminated land clearance, waste packaging and disposal, surveying, industrial cleaning, plant dismantling and re-instatement works to both the private and public sectors.
AA Woods provides asbestos remediation services across the UK.
With the addition of Crest Environmental, the combined group is expected to turnover in the region of £15 million based on the most recently filed accounts.
Crest Environmental will continue to operate as a standalone business with its existing management team as it looks to further develop longstanding customer relationships and strengthen existing capabilities.
The St Helens firm was advised by Brian McCann, partner, and James Curtis, corporate finance executive, of North West-based MC Vanguard.
James Curtis of MC Vanguard says: ’’Both Crest Environmental and AA Woods are well regarded in the asbestos contracting market, and will undoubtedly continue to grow across the North West and beyond after the transaction.
“We wish both parties all the best for the future’’.
The shareholders of Crest Environmental were advised by Quinn Barrow. AA Woods was advised by Mullis & Peake.