Readypower Group acquires Complete Environmental Services Ltd
Readypower Group are delighted to announce the completion of the acquisition of Complete Environmental Services T/A Complete Drain Clearance.
Russell Jack, Group CEO, commented ”we are extremely excited and pleased to get this deal over the line. Complete Drain Clearance has forged a market leading position over the last few years under Mark Jones and Jonny Walters ownership. The company has focused on providing excellent customer service with its modern unique fleet of suction and jetting units directly to Network Rail and other Tier 1 contractors.
We believe there will be a huge focus on track draining in the coming years, to ensure the safe running of trains and to preserve the track quality and lifetime of the rail infrastructure. We intend to make further investment into new machines for the Readypower Complete Drain Clearance (RCDC) fleet. We will lever the Readypower national footprint and operating hubs in all the Network Rail Regions to grow the business and offer these industry leading services to the whole of the UK. Both Mark and Jonny are remaining with the business to continue with the superb work they have done, and help us expand and grow the business further.
Readypower Group now have the ability to offer a complete end to end package of drainage provision. We can inspect and clear existing drainage with RCDC, offer a complete drainage renewal package through our Readypower Terrawise (RTL) business supported by specialist drainage RRVs from Readypower Rail Services fleet (RRSL). No other company in UK Rail has the ability to do this with its own specialist assets and people”.
Readypower advisors on the deal were RSM LLP (tax), Alantra with Pinsent Mason for legal, Complete Drain Clearance were advised by Barrington and Myers & Co for Legal. Finance provided by PNC and Primary Capital.