Prism Advise in Acquisition of Environmental Impact Assessors
We are delighted to announce that the Prism team have advised geotechnical and environmental engineers, Environmental Protection Strategies Limited, in their acquisition of environmental impact assessors, Herrington Consulting Limited.
Environmental Protection Strategies Limited (EPS) are a geotechnical and environmental consultancy based in Cambridge, Leeds and Bristol. They provide assessments and planning support for the management and compliance of various risks related to developments, such as ground condition, flood risk, materials management and air quality.
Herrington Consulting Limited (Herrington), based in Canterbury and London, are experts in coastal engineering, flood risk management, numerical modelling and daylight/sunlight analysis. They provide impact assessments and engineering solutions for new building and highway developments. The acquisition of Herrington is a strategic move to combine expertise and provide EPS’s existing development and retail sector client base with an enhanced offering of pre-construction consultancy services.
Prism Corporate Broking (Prism) are specialist M&A advisors with many years of experience in helping people to buy and sell businesses. The Prism team worked closely with EPS throughout the entire acquisition process – from identifying suitable target businesses, through due diligence and managing negotiations, to the successful deal completion.
Will Evans, Founding Director of EPS, says “Our intention has always been to ‘grow interesting’, both as a business and as individuals, with a clear coherent strategy based on developing additional opportunities with existing key national clients, provision of new high quality complimentary services, extension of our geographic footprint and collaboration with other like-minded organisations. The opportunity with Herrington Consulting sits particularly well with that strategy and is tremendously exciting to us. The acquisition process with Prism went very smoothly. Peter Watson maintained momentum and professionalism throughout the deal, and we are delighted with the outcome.”
Simon Maiden-Brooks, MD of Herrington, says “We wanted to join a Group that would complement our skills and provide the opportunity to expand geographically and across new sectors, but most importantly had the same ethics and vision as us. We believe we have found that with EPS and the future is very bright.”
Peter Watson, Managing Director of Prism, says “I am very pleased that we were able to identify Herrington Consulting as a great match for EPS. It’s been great working with Will and I look forward to seeing the new expanded business thriving within the sector.”
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