An affiliate of Sun European Partners LLP has announced that it has agreed to acquire Adler & Allan, a leading UK environmental risk reduction specialist, from funds managed by LDC for an undisclosed sum.
Adler & Allan started trading as coal and coke merchants in London, UK, back in 1926 and has become a leading provider of environmental risk reduction services in the UK, covering both emergency response and scheduled maintenance across a wide range of critical asset infrastructure and contaminants. The company has built a network of 20 locations providing national coverage 24/7 with its 630 employees, and has amassed emergency response contracts with over 250 UK organisations.
Paul Daccus, Managing Director at Sun European Partners, said: “Business services continues to be a key area of focus for Sun European, and our investment in Adler & Allan is another example of our commitment to finding value in this sector. The company’s strong reputation for high quality service, as well as its leading position in the growing environment risk management market, shows its enormous potential. We look forward to working closely with the management team at Adler & Allan and supporting them in delivering their ambitious plans for growth both organically and through acquisitions.”
Sun European was advised on the transaction by Rothschild & Co. (mergers & acquisitions), PwC (commercial), EY (financial) and Kirkland & Ellis (legal). LDC was advised by Houlihan Lokey (mergers & acquisitions) and Squire Patton Boggs (legal).
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/24112020/sun-european-partners-affiliate-acquires-adler-allan/
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