In 2014 Maven sold its holding in Adler and Allan, a leading UK environmental services business, via a secondary buy-out funded by LDC for an undisclosed sum. The exit achieved a 2.6x multiple return for Maven clients. Harrogate based Adler & Allan helps public and private sector businesses understand and manage their environmental risks, reducing the impact on the environment, their operation and their reputation.
The team at Maven first invested in the business in 2007 to support the growth and commercial development of the business, before later backing a series of acquisitions including E&S Environmental, Cleanex and AJ Bayliss, to help the group gain scale. Since receiving private equity backing Alder and Allan significantly expanded its proposition and employed 450 staff across its 24 UK depots, with an annual turnover in excess of £60 million at the time of Maven’s exit.
The exit from of Adler and Allan represents an excellent outcome for our clients, achieving a 2.6x multiple return on their investment. Over the past seven years we’ve seen the business make a number of key acquisitions which have helped the group gain scale, grow shareholder value, and now employ over 450 staff.
Andrew Ferguson, Partner at Maven
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