PMSI provides CDD for Chiltern Capital's acquisition of Inciner8 a designer and manufacturer of incinerators for a range of applications across the waste management industry.
Chiltern Capital (Chiltern) has completed a buy-out of Inciner8 Limited (Inciner8), a designer and manufacturer of incinerators for a range of applications across the waste management industry including medical, municipal and animal.
Inciner8 supplies incinerators to a range of customers including corporate, government and non-governmental organisations.
Based in Southport, Inciner8 was founded in 2003 by Vince Ferguson OBE, who will be exiting the business at completion.
Chiltern has taken a majority stake in the company and will play an active role in supporting the management team to build on Inciner8’s successful growth track record and develop additional revenue streams. As part of the transaction, experienced private equity chairman, Duncan Cooper, joins the Board as Chairman.
David Butler, Investment Manager at Chiltern, says: “We are pleased to partner with Mike and the rest of the Inciner8 team and look forward to supporting the business as it capitalises on its strong market position to grow its product range, service offering and global reach.”
Mike Melia, Managing Director, commented: “I am delighted to be working with Chiltern as we build on our reputation as a leading supplier of incinerators globally, and continue to develop our service model and telemetry solutions.”
The deal builds on Chiltern’s track record of supporting founder succession plans, and investing in service-led industrial businesses.