React Group Acquires UK Environmental Consultancy Epuk.
27 April 2016 - UK-based rapid response deep cleaning and emergency decontamination services company React Group plc (AIM: REAT) has closed the acquisition of UK-based environmental waste cleaning and control consultancy Epuk Ltd, the company said.
Epuk has been acquired for an initial consideration of GBP 10,000 (USD 14,621), with a deferred consideration of up to GBP 155,000 being payable once liabilities have been settled.
The initial consideration will be settled in cash.
Epuk provides specialist consultancy services in the provision of environmental waste cleaning and control.
The company has a similar client base to those of React Specialist
Cleaning Ltd. in that it acts for a number of UK police forces and companies in the railway sector. Epuk has three employees.
D Verdicchio, a current director of Epuk, will continue to provide his specialist Japanese Knotweed removal expertise to the company as an employee.
J Verdicchio and Dean Coomber, the remaining two directors will be providing consultancy services for three months after the completion.
In the year to 31 March 2015, EPUK had revenues of GBP 268,000 and EBITDA of GBP 20,000, and net liabilities at 31 March 2015 of GBP 35,000.
The board of React Group believes that, once established within the group, the turnover can be increased and with economies of scale the EBITDA margins will be brought into line with other companies within the group.
Epuk will be the company's third small acquisition since listing in August 2015.
Sector: Waste Management/Environment
Target: Epuk Ltd
Buyer: React Group
Deal size in USD: 14,621
Type: Corporate Acquisition
Buyer advisor: , ,
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|Publication:||M & A Navigator|
|Date:||Apr 27, 2016|
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