Business

PKF Francis Clark advises on £10m sale of wastewater treatment specialist

AIM-listed Marlowe acquired wastewater treatment and compliance services provider WPL Limited

PKF Francis Clark has finished advising on the £10m sale of a wastewater treatment specialist.

Marlowe, an industry leader in specialist services which assure safety and regulatory compliance, has acquired wastewater treatment and compliance services provider, WPL Limited.

Founded in 1991, WPL specialises in the custom design, manufacture and on-site delivery of wastewater treatment solutions.

The firm’s shareholders appointed PKF Francis Clark to assist them with the sale of the business following acquisition interest from a number of parties, of which Marlowe was chosen.

Gareth Jones, managing director of WPL Limited, said: “It was a pleasure working with the PKF Francis Clark team, who added substantial value to the shareholders.

“They guided us through the transaction with professionalism and good humour, were always available and I would not hesitate in recommending them as a corporate finance partner.”

Paul Stout, corporate finance partner at PKF Francis Clark, said: “It was a pleasure working with Gareth, Simon and Andrew and we are delighted to have delivered a strong result for the shareholders.

“They have built a robust business and I’m sure that they will continue this success under new ownership. It was a great example of how, with proper preparation, transactions can run smoothly and deliver great results.”

Alex Dacre, chief executive of Marlowe Plc, said: “The acquisition of WPL marks another significant step in the development of our strategy for water and air compliance services. We look forward to the contribution that WPL will make to our continued growth in this market.”

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