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Spirit Capital backs EDSR management buy-out
26 February 2007
Spirit Capital (“Spirit”” formerly AAMPE*) is pleased to announce the management buy-out of EDSR, a provider of specialist services to the land decontamination sector.
Operating nationally from offices in Yorkshire and Kent, EDSR provides turnkey solutions and project management to assist owners of disused industrial sites in meeting their regulatory decontamination obligations and, if possible, to realise development value by returning remediated sites to sustainable use.
EDSR’s skill set includes site investigation and solution design, process engineering, contract management and liaison with regulatory and planning authorities.
Spirit provided equity funding alongside the management team who are led by Managing Director Tom Brankley who has developed the business since 2002 as a division of Euro Dismantling Services Limited.
Colin Stirling led the deal for Spirit and will join the EDSR board. The full Spirit Capital transaction team also included, Dr Joe Wiley, Craig Hopwood and Denise Emmanuel.
Tom Brankley, Managing Director of EDSR, commented: “We have had terrific support to help grow our business from our previous shareholder but we are now looking forward to a new chapter in EDSR’s development working alongside Spirit Capital. We have assembled a strong management team which is providing a unique cradle-to-grave remediation service.”
Colin Stirling, Partner at Spirit Capital, commented: “The current regulatory and planning regimes particularly with regards to brownfield development, provide an attractive market dynamic and we are confident that the quality of the EDSR service offering will enable the business to realise the undoubted growth potential.”
Notes
*Prior to September 2008 Spirit Capital was previously known as Aberdeen Asset Managers Private Equity/ AAMPE