Shape

BGF backs TRS with a £6.7m growth capital investment

Investment news
17.02.2016.

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.

Related Articles

October/2017 | North East & Cumbria

Growing ambition with TRS

After a period of sustained growth, Alex Foreman, the founder and CEO of North East recycling company, TRS was faced …

September/2017 | North East & Cumbria

BGF launches new brand

BGF has launched a new visual identity as part of its brand refresh. The company, which is now the UK’s …

November/2017 | Business & Professional Services

BGF launches largest ever growth capital fund for Irish businesses

BGF will today launch the largest ever growth capital fund dedicated to Irish small and medium-sized companies. The fund which …