H2 Equity Partners agrees to acquire Ballast Phoenix Limited

H2 Equity Partners (“H2”) is pleased to announce that it has agreed to acquire Ballast Phoenix Limited (“Ballast Phoenix”), the UK’s leading Incinerator Bottom Ash recycling group, from Ballast Nedam NV.

Ballast Phoenix based in Bourne – Lincolnshire, employs 82 FTE and has seen significant turnover growth in recent years. The company processes and recycles the ash produced by Energy from Waste (“EfW”) plants and creates sustainable IBA aggregates, thus avoiding any requirement for the use of landfill. Ballast Phoenix operates 7 IBA recycling sites throughout the UK and works in close conjunction with operators of EfW plants as well as its aggregate and metal customers. As the only market participant fully focused on IBA recycling and operating a national network, H2 believes the company is uniquely positioned to continue its impressive growth during the years to come.

H2 Equity Partners plans to build on Ballast Phoenix’s strong position in the IBA recycling market to take the company forward in the coming years. H2 and management will work together to expand the national network, continue to develop market leading and sustainable technologies and to provide Ballast Phoenix’s customers with a leading and professional partner. H2’s investment will allow Ballast Phoenix to embark on the company’s largest capital expenditure program in its history and significantly expand the number of recycling facilities it operates in the next few years.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.