April 29, 2024
UK’s leading metal recycler acquired by Endless LLP
Endless LLP (‘Endless’), one of the UK’s leading mid-market private equity investors, has acquired Enablelink.
Founded in 2007, Enablelink is one of the UK’s most prominent metal recycling businesses processing over 300,000 tonnes of material per year. The business plays a vital role in the green circular economy with recycled metal being of critical importance to the UK and worldwide steel and manufacturing industries.
Based in the Birmingham area, Enablelink operates from three production sites and specialises in the acquisition, processing and distribution of ferrous and non-ferrous material. With over 60 employees, the business is ready for further growth from its current £110 million turnover base, having recently invested in new shredding and processing capabilities.
Endless’ acquisition will further strengthen Enablelink’s position and provide it with additional capital for growth and to support the management team capitalise on the increasing demand for recycled metals.
Operations Director, Josh Long, will take over as Managing Director following the retirement of Roy Millard.
Josh Long commented
This is fantastic news for Enablelink. While it is business as usual, we are excited by the opportunities new ownership will bring and we look forward to continuing our rapid growth and development both organically and through acquisition. We would like to thank Roy Millard for building such a strong business and supporting the company and its employees over the last 17 years.
John Stevens, Investment Director at Endless, added
We are thrilled to have been given the opportunity to acquire Enablelink. Through its strong relationships with suppliers and customers, Enablelink has demonstrated its importance to the UK green economy and the growing demand for recycled materials both in the UK and internationally. We extend our warmest gratitude to Roy for the fantastic business he has built and we look forward to working with Josh and the Enablelink team.
The acquisition is the fifth platform investment in Endless Fund V, following on from their acquisition of ASCO in August 2023.
Endless was advised by Walker Morris (legal), KPMG (Tax), Aon (Insurance) and Kroll (Commercial).
Enablelink was advised by Finvos (Corporate Finance) and Shoosmiths (Legal).
