Bristol's McCarthy Marland acquires Hughes and Salvidge Holdings
Bristol-based McCarthy Marland, an independent waste management company, has agreed a multi-million-pound deal to acquire Hughes and Salvidge Holdings Ltd, which owns Aasvogel Skip Hire Ltd and Valley Trading Ltd.
The acquisition more than doubles McCarthy Marland’s turnover, taking it beyond £18 million. It will also enable the company to increase the volume of waste it handles as well as supporting its sustainability aims with increased recycling capacity.
The deal also extends the firm’s geographic reach, with Wantage’s Aasvogel Skip Hire and Tetbury’s Valley Trading taking it into Oxfordshire and Gloucestershire respectively.
It brings the number of employees working for the company up to 130, a rise of more than 60 per cent. The leadership teams of both the acquired firms will remain in place.
Alex Marland, director of McCarthy Marland, said: “The acquisition of both Aasvogel Skip Hire Ltd and Valley Trading Ltd represents a significant step forward in McCarthy Marland’s journey. These are exciting times as we enhance and expand our offering across the region, strengthen our position within the waste management sector and accelerate our overall growth.
“As we more than double our headcount, we are confident we will go from strength to strength with this geographical expansion and drive further efficiency from our combined waste recycling technologies.”
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Having acquired a presence in Somerset in 2017 through the acquisition of Westcombe Waste Ltd, the group now covers much of the South West. It handles around 145,000 tonnes of waste per annum, 75 per cent of which is either recycled or recovered to generate energy.
Kevin McCarthy, founder and director of McCarthy Marland, added: “We are proud of the reputation that McCarthy Marland has built up over the years as a leading independent waste management company, which our growing number of customers can trust.
“We have a valuable role to play in helping the UK to respond to today’s net zero carbon challenge. This acquisition will enable us to greatly enhance the extraction of recyclable material from the waste we handle and provide the ability for our clients to effectively track it from an ESG perspective.”
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