We are delighted to have advised Peterborough Metal Recycling on their sale to KJB Consulting
Peterborough Metal Recycling (PMR) is a metal recycling business based in the East of England, operating across three sites.
Founded by the Riddle family more than 60 years ago, the company has been one of the UK’s leading metal recycling companies for decades.
The sale of PMR to KJB Consulting facilitates an exit for the Riddle family and provides capital for PMR to continue its growth in the sector.
We have been working closely with the shareholders for a number of years. KJB’s sector knowledge, coupled with the financial backing of Harwood Private Capital, made them the ideal acquirer.
Our deal team project-managed the transaction process, navigating a number of complex issues to deliver an excellent outcome for the shareholders.
Stuart Davies commented “it's been a pleasure working with the family over the years and we feel the transaction is a great outcome for all parties.”
Grant Thornton’s team showed huge tenacity and commitment to help get this deal done. The service they delivered was excellent and I’d certainly recommend them in the future.Colin Riddle Founder, Peterborough Metal Recycling