Future Industrial Services (‘’Future’’), the UK wide environmental and industrial services specialist, has acquired the trade and assets of Neston Environmental Services (‘’NES’’) with effect from 1st October 2020. The transaction represents the next major bolt-on project for Future and follows on from the acquisition of Colt Industrial Services from Augean plc in 2018.
David Lusher, Chief Executive of Future said ‘’the addition of NES represents a major expansion to our current North West based Environmental Services and Specialist Industrial Services operations. The significant assets acquired will also support the UK wide Future business as we continue to develop our range of services to existing and new customers. NES has been a successful and well managed company since it was founded in 2007. I really believe that the combined business will deliver more opportunities for profitable growth in both Industrial Services and Environmental Services, and that our current customer base will be better served by the significant increase in our available specialist assets. This is good news for Future and represents another important milestone for the company’’.
Future was acquired through a management buy-out from One51plc in April 2017 with the support of NorthEdge Capital LLP, the Manchester based private equity firm with £650m of funds under management across a current portfolio of 20 businesses.
Future Industrial Services employs over 300 staff across its Environmental Services and Specialist Industrial Services divisions. Full UK wide service is provided from facilities as far apart as Berwick-upon-Tweed down to Devonport Dock in Plymouth.
In 2018, Future was the first Environmental Services company to be recognised as ‘Responsible Company of the Year’ by the British Venture Capital Association(‘’BVCA’’) through its work and progress with environmental compliance and social governance.