BGF injects £7.5m into J&B Recycling

The fresh capital will enable J&B to expand its existing facilities and build a new recycling station in Middlesbrough for treating commercial waste.

BGF was attracted to the deal by the effect of UK and EU regulations designed to reduce the dependency on landfill for refuse disposal, with an increasing emphasis on recycling. 

Following completion of the deal, the business’s non-executive director Ross Smith, former CEO of 3i-backed MDC Technology, will be appointed non-executive chairman of J&B.

The deal represents the GP’s first investment in the Teesside area of northeast England.

Company
Founded in 2000, J&B provides waste collection, recovery and recycling services from its two recycling facilities in Hartlepool and its waste transfer station in Middlesbrough. Its clients include public and private sector organisations, such as local authorities, housing authorities, and commercial and industrial customers, as well as other waste management businesses. The company generates a turnover of around £10m and has a headcount of 175.

People
Vikki-Jackson-Smith is managing director of J&B. Richard Taylor is an investment director at BGF.

Advisers
Equity – Watson Burton (Legal); UNW (Financial due diligence).
Company – Cavu Corporate Finance, Shawn Bone, Thomas Brunsnes (Corporate finance); Bond Dickinson (Legal); KPMG (Tax).

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• Topics
• Expansion
• UK / Ireland
• Industrials
• United Kingdom
• BGF (Business Growth Fund)