• Second agreed acquisition of “good to great” business in the last month. Follows the agreed acquisition of CNC Holding BV in October 2020.
• Continued focus on business services opportunities.
An affiliate of Sun European Partners, LLP (“Sun European Partners” or “Sun European”), today announces that it has agreed to acquire Adler & Allan (or the “Company”), 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 back in 1926 and has through steady growth and strategic acquisition, become the UK’s leading provider of environmental risk reduction services 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. With more than 32,500 on-site tasks completed for clients over the last 5-years, Adler & Allan is at the forefront of managing environmental risk across all major private and public sectors of the UK economy.
Adler & Allan benefits from a strong reputation and high quality service delivery, establishing leading market share in the UK market through its end to end solutions and its diversified client base.
Adler & Allen operates in an attractive and growing market, which has remained resilient during the COVID-19 pandemic. The growing importance of ESG at Corporate Board level, as well as stricter compliance regulations around environment risk management, support expectations for continued robust market growth.
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 has a well-established understanding of the business services market through its current and prior investments, such as, Cotton Holdings, Horizon Services and Tier One Relocation Services. Other recent examples of “good to great” investments by Sun European Partners’ affiliates include the acquisition of Allied Glass, the leading UK-based manufacturer of glass packaging containers for the premium spirits and food & drinks markets, and the acquisition of WesCom Signal and Rescue, a global leader in visual signalling and safety products for the marine and defence end markets.
Sun European was advised on the transaction by Rothschild & Co (M&A), PwC (Commercial), EY (Financial) and Kirkland & Ellis (Legal). LDC was advised by Houlihan Lokey (M&A) and Squire Patton Boggs (Legal).