Wakefield's Site Ops acquired by Manchester asset recovery outfit
Wakefield-based environmental and decommissioning consultancy Site Ops has been acquired by Manchester’s Winterhill Largo.
The asset recovery specialists aim to grow Site Ops, as part of its plan to become an established services supplier to the insolvency and turnaround sector.
Site Ops, which manages the risks associated with the close of manufacturing plants and industrial facilities that use chemicals, will be rebranded as Winterhill Site Ops.
Founder and chief executive of Site Ops, Des Kelly, will remain with the business.
Winterhill Largo chief executive, Neil Duckworth, said: “Site Ops is a highly respected specialist in the safe decommissioning of industrial plants. The company’s services are often required when administrators are selling property assets of distressed businesses, and so the acquisition makes perfect sense as an extension of our portfolio of asset services.
“We are now able to offer a comprehensive service to our insolvency clients that takes sites from initial closure to fully documented decommissioning and environmental approvals. This is crucial to maximising the value of property assets, and will add another dimension to the service we can deliver to clients and property firms.”
The deal follows Winterhill’s acquisitions of debt management specialists Sovereign, and field services provider, Chase Solutions, earlier this year.
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