Sullivan Street acquires Taylor Continental for £15m

Taylor Continental, a UK producer of commercial and industrial waste containers, was acquired by ECI Partners in 2005 and Sullivan Street partner Richard Sanders has been involved with the business and management team since 2006.

Following a process to find a partner initiated earlier this year, Sullivan Street has been working with ECI Partners and management for several months leading up to the transaction.

Debt
Indigo Capital provided mezzanine financing for the deal. No other debt was used.

Company
Taylor is the world's leading manufacturer and designer of four-wheeled steel bins and recycling containers. The company achieved revenues of £21.7m for the year ending 30 June 2011.

Taylor produces over 70,000 bins a year to sell to major commercial and industrial waste companies as well as the main private sector contractors. It has sold over 1.5 million containers worldwide.

The company was established in 1962 and it was originally called Egbert H Taylor. All products are manufactured at Taylor's UK facility near Droitwich, Birmingham, which employs over 150 people.

People
Peter Selkirk is chairman of Taylor Continental Group.

Advisers
Equity - Ernst & Young (Financial due diligence); Pinsent Masons (Legal).

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• Topics
• UK / Ireland
• Buyouts
• Industrials
• United Kingdom
• Indigo Capital