National resource management consultancy, Helistrat has been acquired by outsourced waste management and recycling services provider, Reconomy Group.
Based in Portsmouth, with offices in Glasgow, Helistrat specialises in the delivery of holistic waste management and resource strategies to clients operating across numerous business sectors.
The acquisition by Reconomy follows that of waste brokerage business, Waste Check in January of this year. Other recent acquisitions include Cory Environmental’s waste brokerage businesses in 2016, along with both Countrywide Waste Management Ltd and Network Waste in 2015.
Commenting on the acquisition, Chief Executive of Reconomy, Paul Cox, said: “We are very pleased to be able to announce this latest acquisition by the Reconomy Group of Companies. This is an important step for Reconomy, enabling us to extend our sustainability and waste management offering into a broader range of clients and commercial sectors.
“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.”
By continuing to follow a path of acquisition and organic business growth, Reconomy is forecasting revenues of £165 million by the end of 2018, and says it “remains on course” to achieve its next objective of reaching £200 million turnover by 2020.