Liverpool’s Brodex becomes £3.7m firm following acquisition

Water treatment company Brodex Ltd has expanded with the acquisition of Midlands-based Trident Environmental Services Ltd.

The transaction, completed for an undisclosed sum, has created a £3.7m business with four regional offices and a workforce of 70, including more than 30 engineers.

Moving forward as BrodexTrident, the Formby-headquartered firm will continue to focus on both organic and acquisitional growth.

Geoff Shalders, Brodex’s MD, will assume the role of chairman in the new company.

He said: “We’re delighted to be joining forces with Trident, who share our values and dedication to helping organisations of all sizes achieve peace of mind that their water is clean, safe and compliant.

“This acquisition represents an important step of our growth plans and cements our place as an outstanding UK-wide supplier of best-in-class water treatment services.”

Trident MD Craig Ward, meanwhile, will now serve as the managing director of BrodexTrident.

He commented: “At Trident, we pride ourselves on our ability to deliver both excellent service and value for money, backed up by the best talent the water treatment industry has to offer.

“Being part of the Brodex group of companies will enhance our already high service levels, and will benefit both employees and clients supported by our core professional and social values.”

Brodex is a subsidiary of Norwegian company Meditek Capital AS.

Meditek spokesperson Elin Nielsen said: “Meditek Capital views its investment in the UK water treatment sector as a long-term project and we will continue to deploy our balance sheet should the management team at BrodexTrident find further suitable targets.

Speaking further, Elin said the acquisition demonstrates Meditek “continued confidence” in the UK economy following the Brexit vote.

Last year, Brodex acquired Kent-based firm Bayly Environmental Services as part of its national expansion strategy.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.