"We were pleased to be able to assist on this deal which is part of a much bigger expansion plan for Reconomy."
Waste management company Nationwide Services Group (NSG) has been acquired by Reconomy, the UK’s leading provider of outsourced waste management and recycling services.
The acquisition is part of Reconomy’s ambitious growth plans which has seen a further two acquisitions in the past month including Advanced Waste Solutions (AWS) and a boutique packaging compliance consultancy.
NSG services include tool hire, waste management, plant hire, powered access, site accommodation and site services.
Paul Smith, Managing Director of Nationwide Services, said: “We are very excited to be joining the Reconomy group, a move that we believe offers significant opportunities for the future development of NSG, our customers and our people. Our strengths are complimentary, meaning that both companies as well as our customers will benefit.”
Southampton law firm Clarke Willmott LLP acted for the shareholders of Nationwide Services in the deal. The work was undertaken by Corporate Partner Kelvin Balmont and Solicitor Hollie Blackwood Fisher.
Kelvin Balmont said: “We were pleased to be able to assist on this deal which is part of a much bigger expansion plan for Reconomy.
“NSG has gained an enviable reputation as a leading network of local service providers, particularly in the retail, construction, commercial and events management sectors. I’m sure the business will continue to thrive under the Reconomy group.”
For more information on Clarke Willmott visit www.clarkewillmott.com
For more information on NSG visit www.nationwideservices.co.uk