WestBridge Capital has backed the management buyout of APEM Limited, Europe’s leading independent environmental consultancy specialising in the aquatic environment and remote sensing.
The deal has seen WestBridge invest £9.8 million in a combination of equity and loan notes, which will support the company’s growth ambitions as it develops complementary service lines to support its clients’ needs.
The transaction has allowed the business founder Dr Keith Hendry to retire and pursue his long-standing non-commercial interests.
Dr Keith Hendry, APEM’s founder and former chairman.
Dr Adrian Williams and Dr Stuart Clough, who have been instrumental in growing the business over the past decade, will continue to take the company forward. They are supported by a broad and experienced executive team, who will benefit from the wider share ownership that this transaction has allowed.
Established in 1990, APEM provides environmental consultancy, laboratory services, field surveys and remote sensing capabilities to a range of sectors including water, power, engineering, construction and transport.
Services include water quality and pollution analysis, species and habitat surveys, and aerial surveys, all of which assess the potential impact of developments and operations on the surrounding environment. APEM also provides on-going monitoring and consultancy to minimise environmental damage.
The business is considered the thought-leader in its niche with clients that include blue chip companies, government bodies and regulatory authorities, such as the Environment Agency and DEFRA.
Headquartered in Manchester and with a turnover of £10 million, APEM has eight offices across the UK, one in Germany and one soon to open in the USA, all supported by over 100 highly qualified staff.
APEM has announced record revenue for 2018, passing the £10 million mark for the first time in the company’s 32 year history
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