Environmental Essentials Expands with Strategic Acquisition of Omega Asbestos Consulting

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News Summary

Environmental Essentials strengthens its market position by acquiring Omega Asbestos Consulting, enhancing its service offerings in compliance.

Environmental Essentials Expands with Strategic Acquisition of Omega Asbestos Consulting

In a significant move within the realm of compliance services, Environmental Essentials, a company backed by BGF, has marked its fourth acquisition by snatching up Omega Asbestos Consulting, located in Durham. This strategic acquisition fits neatly into Environmental Essentials’ broader buy-and-build growth strategy, which aims to solidify its position in the market.

Strengthening Core Services

The acquisition of Omega Asbestos Consulting is expected to not only bolster Environmental Essentials’ core services but also to unveil new market opportunities across various sectors, including telecommunications, utilities, and specialist manufacturing. By integrating Omega’s capabilities, Environmental Essentials plans to expand its geographic reach and service offerings significantly.

Previous acquisitions, such as Adams Environmental, Quality Environmental Services, and Callidus Health & Safety, have already allowed Environmental Essentials to diversify beyond just asbestos management. This includes stepping into health and safety, water hygiene, and air hygiene services, setting the stage for Omega’s expertise in these areas to further enhance their offerings.

About Omega Asbestos Consulting

Omega Asbestos Consulting comes with a robust service catalog that covers surveys, sampling, testing, training, compliance audits, and project management for asbestos removal. The company has established itself as a reliable partner for industries such as healthcare and telecoms, working with several NHS Trusts among other clients.

Omega’s workforce boasts a dedicated team of 30 professionals, all of whom contribute significantly to its reputation in the compliance sector. Although Gary McKendrick, the managing director, will exit the business as part of this acquisition, key members of the senior management team, including Steve Hubery, the commercial director, and Craig Johnston, the operations director, will remain with Environmental Essentials to ensure continuity in leadership and service delivery.

Cultural and Strategic Alignment

According to Environmental Essentials’ executive director and co-founder, Richard Powner, the synergy between both organizations reflects a strong cultural and strategic alignment. This acquisition is anticipated to enhance Environmental Essentials’ footprint in the North East of England, demonstrating a commitment to regional growth and development.

Alex Sleeth, executive chairman of Environmental Essentials, commended Omega for its esteemed reputation and robust company values, further solidifying the rationale behind the acquisition.

Continued Growth and Investment

Back in 2015, BGF initially invested in Environmental Essentials to elevate its status as a one-stop-shop for compliance services, which includes intensive work in asbestos management and water hygiene. The ongoing execution of this buy-and-build strategy demonstrates Environmental Essentials’ dedication to meeting the evolving demands of customers in the compliance sector. This move also reinforces its capacity to respond effectively to issues that stem from asbestos exposure, an increasingly pressing concern for organizations across the UK.

Widespread Operations

With operational bases across six offices scattered throughout the UK, including Stoke-on-Trent, Sheffield, Glasgow, Leeds, and London, Environmental Essentials currently employs more than 230 staff. They cater to a diverse clientele that features prominent entities like the Houses of Parliament, numerous NHS Trusts, major construction firms, and high street retailers.

The acquisition was managed with advice from Beswicks Legal and Dains Accountants for Environmental Essentials, while Omega received consultations from Northern Accountants and Swinburn Maddison. This consolidates their operational capabilities and cements their position in the competitive landscape of compliance services in the UK.