BGF backs TRS with a £6.7m growth capital investment
BGF backed Darlington-based Total Recycling Services (TRS) with a £6.7m growth capital investment in February 2016.
TRS provides complete recycling and waste management services for industrial and commercial customers, including hazardous waste recovery, commercial recycling and industrial services.
Operating from its two sites in Teesside, all services are carried out in-house enabling TRS to provide a high-level of flexibility, responsiveness and control around customers’ recycling and waste management requirements.
The six-year old business, which generated turnover of more than £14m in 2014, is led by Managing Director, Alex Foreman. During this time, TRS has built a strong asset base including its own permitted hazardous waste recovery facility operated under ISO accredited systems, a fleet of 26 owned specialist wagons, tankers and jetting units.
More recently, it expanded its commercial recycling operations through the acquisition of Foreman Recycling, now fully consolidated into TRS’s existing operations.
BGF’s investment will be used to accelerate organic growth and to explore opportunities to further expand its operating facilities and equipment.
Ross Smith has been appointed by TRS as Non-Executive Chairman following an introduction made by BGF and will work with management in developing and executing their longer-term growth plans. Ross is currently Non-Executive Chairman of BGF-backed J&B Recycling, also based in Teesside.
Business funding news
BGF joins The Diversity Project to champion an inclusive culture in the investment industry
Today, BGF announces that it is formally supporting The Diversity Project in its mission to accelerate progress in achieving a…
BGF achieves three successful exits in six months
BGF’s North West Investment team is celebrating a strong run of investment activity over the last six months. Since March,…