Livingstone’s Business Services sector team has advised resource management consultancy Helistrat on its sale to Reconomy, a leading provider of outsourced waste management and recycling services backed by private equity investor EMK Capital.
Helistrat delivers holistic waste management and resource strategies to clients operating across numerous business sectors including customers such as M&S, Bestway, Poundland, Amazon and Shell International. Helistrat has developed a formidable reputation for innovation within the waste industry for driving new ways of working including some of the UK’s largest and most successful landfill diversion projects. Helistrat’s focus aligns closely with Reconomy’s own strategy of prioritizing tech-enablement to deliver more detailed waste data to clients, faster turnaround of information and improved accuracy of service fulfillment.
“We are very pleased to be able to announce this latest addition to the Reconomy group. This is an important step for Reconomy, enabling us to extend our sustainability and waste management offering to a broader range of clients and commercial sectors,” commented Paul Cox, Chief Executive of Reconomy. He added, “Everyone at Helistrat shares our vision of bringing about change to the waste industry by introducing new technologies that will make the process of dealing with waste far easier and more transparent for our clients. Despite Reconomy’s continued expansion, we place significant emphasis on customer satisfaction and are committed to ensuring we exceed our clients’ KPIs and timeframes wherever possible. Last year we managed an average of 90,000 waste movements each month, an exceptional 98.9% of which were completed to our clients’ satisfaction.”
Harvey Laud, Chief Executive Officer of Helistrat, commented: “We chose Livingstone to support us through the acquisition process because of its extensive knowledge of the Consultancy sector and track record in M&A. I was highly impressed with the Livingstone team and the level of support offered through the process. This acquisition is clear evidence of our commitment to growth and service enhancement. Helistrat and Reconomy share the same values and vision and we are thrilled to join the Reconomy Group. This new venture will allow us to optimize our collective strengths and deliver greater benefits to our valued customers.”
Gavin Orde, Director at Livingstone, concluded: “Helistrat has been in the vanguard of challenging traditional views about the effective management of waste by using hard data to inform procurement decision-making, re-engineering supply chains to create transparency and align interests, and by implementing sustained behavioral changes across many large organizations. Their success has been highly influential in the development of their clients’ brand credentials as trusted, responsible and proactive participants in the waste management arena.”