Azets advises Enviro-Strip on leased premises acquisition

Azets has revealed that it recently advised Enviro-Strip on the acquisition of its leased premises, putting the business on a footing to achieve its 20% growth ambition.

Enviro-Strip partners with car manufacturers on environmentally safe paint stripping for the automotive, manufacturing and process industries and is owned by brothers Craig and Matthew Duncan.

The acquisition was seen as a “key strategic investment” opportunity to secure the business’ long-term future and enable growth.

Azets’ specialist banking and finance team supported Enviro-Strip to structure its finances in order to acquire the premises, with the deal completing in July 2021.

Mark Huddlestone, funding and strategic partnership director with Azets, said: “Adding this property to its balance sheet is of huge benefit to Enviro-Strip going forward and will enable them to accelerate growth plans.

“I am delighted to have supported Craig and Matthew, and it’s always particularly satisfying to complete a tough deal, surpassing the expectations of our clients and helping them to drive their business forward.”