Wales Environmental Group expands its UK presence with the acquisition of Drainology
Wales Environmental has acquired West Country-based drainage
company Drainology for an undisclosed sum from its current owners
Dave West and Keith Simson with the backing of a six -figure loan
from the Wales SME Investment Fund managed by Finance Wales.
Drainology, which provides customers throughout Devon, Cornwall
and Somerset with a range of specialist drain services, will
continue to trade under its existing brand following the
Having successfully acquired and integrated Cardiff Drain
Cleaning Company (Cardiff Drains) into the business in 2014, the
Drainology acquisition is part of Wales Environmental’s plan to
increase its UK footprint.
Llyr Williams, Wales Environmental’s Managing Director, is excited
about the company’s future: “The acquisition of Drainology is an
important part of our long-term strategy to increase our UK
footprint. Drainology has an impressive reputation and many
loyal customers and its services complement the services Wales
Environmental offers. We’re now well placed to increase our
customer base in the South West of England.
“Finance Wales continues to be a long-term backer of Wales
Environmental, funding our management buy-out in 2011 and then our
acquisition of Cardiff Drains last year. Acquiring Drainology
has further increased our capacity, provides us with an operating
centre in a key market, and will enable us to improve our
With depots in Cardiff, Pembrokeshire, Holywell, Oxford
and Anglesey, Wales Environmental is already one of the UK’s
fastest-growing waste management / drainage companies.
This acquisition is a significant step forward for the company,
increasing its fleet by 20 per cent.
Finance Wales Portfolio Executive Sam Macalister-Smith made the
investment. He said: “Acquiring Drainology is another
step forward in Wales Environmental’s exciting growth journey and
has increased its customer base in the South West of England.
Wales Environmental will now be able to build on Drainology’s
strong reputation and significant market presence.
“Wales Environmental is an established Welsh business with an
experienced and successful management team. The company has
already made impressive progress towards achieving its long-term
plans with Finance Wales’ backing. We wish them well as they
integrate the two companies’ operations.”
With the acquisition of Drainology complete, further expansion
is in the pipeline at Wales Environmental in the coming years as
the company looks to strengthen the range of services it can
Finance Wales and HSBC backed the 2011 MBO and Finance Wales has
backed this acquisition with an undisclosed investment.