Reconomy announces latest business acquisition
Leading provider of outsourced waste management and recycling services, Reconomy, has today confirmed the business acquisition of nationally-operating resource management consultancy, Helistrat. 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.Helistrat has developed a formidable reputation within the waste industry for innovative thinking and driving new ways of working. This aligns closely with Reconomy’s own strategy of prioritising tech-enablement to deliver more detailed waste data to clients, faster turnaround of information and improved accuracies relating to service fulfilment.This latest 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. By continuing to follow a path of acquisition and organic business growth, Reconomy is forecasting revenues of £165m by the end of 2018.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.””Despite Reconomy’s continued expansion, we place significant emphasis on customer satisfaction and are committed to ensuring we exceed our clients’ KPIs and timeframes wherever possible. Last year we managed an average of 90,000 waste movements each month, an exceptional 98.9% of which were completed to our clients’ satisfaction.”Despite operating in sectors facing some of the toughest economic conditions, Reconomy remains on course to achieve its next objective of reaching £200m turnover by 2020.