AIQ Business

Business & Finance

Llanelli agency whose administrators embody former Welsh rugby internationals Derek Quinnell and his son Craig acquired

Llanelli-based water and effluent remedy agency Albanyoak, whose administrators embody former Welsh rugby internationals Derek Quinnell and his Craig, is below new possession

The enterprise has been acquired by Ross-on-Wye-based HSL Compliance. A part of SGI Compliance group (SGI), HSL Compliance is likely one of the UK’s main firms within the authorized compliance market.

Its main enterprise actions help prospects in complying with related laws and to guard their employees from hazardous supplies or actions.

Its acquisition of Albanyoak, the worth of which hasn’t been disclosed, expands its providers into industrial water remedy

Gavin Hartley, managing director of HSL Compliance, stated: “Combining Albanyoak’s providers with our personal is a implausible alternative for each companies. We shortly recognised that the values and tradition of Albanyoak had been reflective of our personal in addition to strategically permitting us to enter into new markets. We’re very enthusiastic about the way forward for each companies.”

Craig Quinnell, managing director at Albanyoak, stated: “We’re wanting ahead to our future with HSL Compliance. Now we have taken our West Wales based mostly enterprise from an area enterprise to a nationwide one whereas sustaining the identical requirements of service.

“We now really feel the time is correct to align ourselves with a significant participant in water remedy with companies throughout Europe. It’s going to be thrilling to assist develop the HSL model with our focus remaining on effluent remedy with the identical native service we’ve got at all times offered.”

Mr Quinnell’s father, Derek, is operations director of Albanyoak group firm Aquatreat.

As a part of SGI, HSL Compliance is backed by personal fairness agency LDC, which offered follow-on funding to help the acquisition. LDC first invested £20m to again the carve out of SGI from international testing, inspection and certification group Kiwa, 2019.

LDC’s Jonathan Bell stated: “An acquisitive progress technique might help corporations construct scale and resilience, and broaden their breadth of providers. By seizing this newest alternative, SGI has bolstered its attain as compliance with environmental regulation turns into an much more urgent problem for companies.”

Caption: left to proper:

Steve Hartley – HSL Compliance, non-executive director.

Gavin Hartley – HSL Compliance, managing director.

Derek Quinnell – Aquatreat, managing director.

Craig Quinnell – Aquatreat, operations director.

Kerry Williams – Aquatreat, technical director.

Source link