Clearwater International UK advises Tom Martin & Co on the MBO, backed by Yorkshire Bank

Clearwater International UK has advised scrap metal merchant Tom Martin & Company (Tom Martin) on its management buyout, supported by Yorkshire Bank.

Tom Martin is the UK’s leading independent non-ferrous scrap metal merchant and trading company. It has established itself as an integral part of the recycling industry, developing a partnership approach with its customers and suppliers. Tom Martin advises on segregation and storage issues; achieving maximum revenue from scrap; and minimising the environmental impact. The business has been acquired by George Brettle, Alan Slater and Colin McNeil, and saw the retirement of the previous majority shareholder and Finance Director Sean Hallinan.

The buyout was supported by Yorkshire Bank, which has provided a funding package which will be used to fund both the current transaction and support Tom Martin’s future aspirations.

The Clearwater International team was led by Partner Michael Reeves with support from Director Tom Barnwell and Associate Zack Goddard. Clearwater International also advised on the two previous management buyouts.

“We have supported Tom Martin since 2002 and were delighted to be able to support George and the rest of the management team on this transaction. We have developed an excellent relationship with the business, having now supported them through three management buyouts and we look forward to supporting the business in the next phase of its development.”

Craig Cheetham, Senior Director, Corporate and Structured Finance at Yorkshire Bank

“We are delighted to have advised the management team on the transaction. This is the third time Clearwater International has advised an existing Tom Martin management team through a MBO, which demonstrates the strength of the business and its attractiveness to funders. With the continued support of Yorkshire Bank, George and the team are in a great position for future growth.”

Tom Barnwell, Director, Clearwater International