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.