Eight Advisory supported Sortera on its acquisition of Reston Waste
The Eight Advisory UK team provided buyside financial and tax due diligence to Nordic Capital portfolio company Sortera as part of its acquisition of Reston Waste, a London based waste management company
Sortera, a leader in the collection, recycling, processing, and sale of residual products from the building and construction sector in Northern Europe, strengthens its market position in the construction waste market across Greater London by acquiring Reston Waste Management Ltd. Reston Waste is one of the largest independent waste management companies in South West London.
Following the recent integration and rebranding of the previously acquired companies O’Donovan Waste Disposal (acquired in 2022) and GBN Services (acquired in 2023) to Sortera, the addition of Reston Waste makes Sortera the largest independent construction waste company across Greater London. The acquisition is strategically important as it expands Sortera’s presence in South West London, enabling customers to benefit from an expanded service area, increased efficiency and improved response times, serving projects from residential to large commercial developments.
With the acquisition of Reston, Sortera continues its international growth trajectory. With a strong commitment to sustainability and quality, Sortera’s ambition is to drive the transition to a more circular construction waste economy across Northern Europe. Reston will be part of Sortera from 11 July 2024. This is Sortera’s 22nd acquisition since it was established in 2006. With the new acquisition, Sortera´s turnover will increase to over SEK 3.6 billion.
Eight Advisory team members supporting this transaction:
- Financial due diligence: Rupert Templeman (Partner), Jacob Osborne (Senior)
- Tax Services: Dean Lake (Partner), Mike Hackley (Senior Manager), Edward Highfield (Manager), Phoebe Lightfoot (Senior)
