McCarthy Marland Signals Expansion By Acquiring Hughes & Salvidge
In a deal worth millions of pounds, McCarthy Marland, an independent waste management company in the South West, said it would purchase Hughes and Salvidge Holdings Ltd, which owns Aasvogel Skip Hire Ltd and Valley Trading Ltd. The acquisition shows that McCarthy Marland has more plans to grow in the South West and beyond.
With this purchase, McCarthy Marland will be able to more than double its revenue to over £18 million, handle more waste, recycle more, and be more environmentally friendly.
With the purchase of Wantage, Oxfordshire-based Aasvogel Skip Hire Ltd and Tetbury, Gloucestershire-based Valley Trading Ltd, McCarthy Marland will reach more places along the M4 and M5 corridors.
If McCarthy Marland buys both businesses, the number of people who work there will go up by more than 60%, to 130. Both Aasvogel Skip Hire Ltd and Valley Trading Ltd will keep the same teams of people in charge.
The Bristol-based waste management company has already strengthened its presence in the area by buying Westcombe Waste Ltd. in 2017.
The combined group now deals with about 145,000 tonnes of waste every year, and about 75% of that waste is either recycled or turned into energy from waste.
Alex Marland, Director of McCarthy Marland, said:
“The acquisition of both Aasvogel Skip Hire Ltd and Valley Trading Ltd represents a significant step forward in McCarthy Marland’s journey. These are exciting times as we enhance and expand our offering across the region, strengthen our position within the waste management sector and accelerate our overall growth.
“As we more than double our headcount, we are confident we will go from strength to strength with this geographical expansion and drive further efficiency from our combined waste recycling technologies.”
McCarthy Marland now has recycling centres and places to pick up trash in Bristol, Bath, Somerset, Gloucestershire, and Oxfordshire.
One of its subsidiaries, Westcombe Waste Ltd, also runs a landfill site in Somerton. With this double purchase, McCarthy Marland will be able to improve operational efficiency across the whole organisation and get a lot more recyclable materials.
McCarthy Marland is already well-known in the area, and its customers include local governments, companies in the manufacturing, construction, warehousing/distribution, and high street retail industries, as well as people who put on big events.
Kevin McCarthy, Founder and Director of McCarthy Marland, added:
“We have a valuable role to play in helping the UK respond to today’s net zero carbon challenge. This acquisition will enable us to greatly enhance the extraction of recyclable material from the waste we handle and provide the ability for our clients to effectively track it from an ESG perspective.”
Source: Business Leader
