August-backed PCS acquires Essex Pet Crematorium

The transaction is the second bolt-on made by PCS in the space of two months, with the group buying Norfolk Pet Crematorium in April 2019. It is the eighth acquisition since August Equity's initial investment in 2015 and brings the total number of sites within the group to 16.

HSBC provided acquisition facilities to support the latest transaction. August is invested in PCS via August Equity Partners III, which was fully deployed in March 2018 and invested equity tickets of £10-30m.

Company
Essex Pet Crematorium is headquartered in Oldbury and was founded in 1989.

People
Pet Cremation Services – Glenn Tuck (managing director).

Advisers
Company (Pet Cremation Services) – Crowe, Andy Kay, Chasz Coulsting (corporate finance); Ansons Solicitors, Neil Jones, Jamie Gill (legal).
Vendor – GEPP Solicitors (legal).

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• Topics
• Portfolio management
• UK / Ireland
• Consumer
• United Kingdom
• Build-up
• August Equity LLP
• HSBC