Raymond Brown Minerals & Recycling Ltd (RBMR) are pleased to announce the completion of a management buyout by its senior management team along with new investment partners, Elysian Capital II LLP.
RBMR have a strong reputation for environmental responsibility and under the leadership of Stuart Harris (Chief Executive) and Steve Clasby (Chief Operating Officer), multi-million pound investments have been made across its 12 site portfolio over the last three years, driving group sales in excess of £30m.
The buyout comes as RBMR identifies significant further growth opportunities across each of its business streams. RBMR will continue to develop its strong asset base, creating a number of new jobs as the business grows, by taking advantage of strategic regional mineral reserves, waste recycling opportunities and further developing its presence within the high growth incinerator bottom ash recycling market.
Elysian Capital are a UK private equity organisation who provide investment funding for businesses with significant growth opportunities.
Edward Brett, a partner at Elysian Capital said: “The RBMR team have done an excellent job in developing a business with real strategic positioning and in putting a focus on the quality and long-term nature of what they do. There are some very exciting opportunities to build on the foundation created, and the team has a real ambition for achieving significant growth.”
Stuart Harris, Chief Executive of RBMR, said: “The transaction was a complex process and I felt that Elysian grasped quickly what makes RBMR so special and the nature of the opportunities ahead of us. We have a clear vision and a number of exciting investment and growth opportunities within the organisation and under this new structure.”