Reconomy acquires Network Waste

Reconomy, the UK’s leading provider of outsourced waste management services, has acquired Just Hire UK Limited, trading as Network Waste.

Network Waste is an innovative provider of outsourced waste management services, with a pioneering online waste management tool. Its customers include major national companies with multiple sites across the UK. BCMS acted as lead advisor to the shareholders of Just Hire UK Limited during the transaction, which completed in 2015.

“BCMS’ significant experience and contacts brought numerous opportunities to us” – Chris Dear, Network Waste

At the time of the deal, Paul Cox, Managing Director of Reconomy commented: “We are delighted with the acquisition of Network Waste – it’s an excellent business, and like Reconomy it has a strong team that is performing well. It has been very successful in recent years with an excellent customer base which complements that of Reconomy.

“The acquisition of Network Waste further underlines Reconomy’s position as a clear leader in its field and we are looking forward to working together to develop the combined business.”

Deal insights

Chris Dear, Managing Director of Network Waste, commented: “BCMS’ significant experience and contacts have brought numerous opportunities to us. However, it was important that we found the right partner for the business’ customers, staff and suppliers.

“It was Reconomy’s commitment to excellence that led us to agree to the sale of the business. We feel completely satisfied that the Network Waste customers, staff and suppliers will benefit under the new ownership.”

A dynamic, fast-growing business – in the Top 50 of the Sunday Times PwC Top Track 250 for 2020 – Reconomy had previously been a client business of BCMS, under its previous trading name, Wastefile.