April 2024
Metal recycling
Background
Founded in 2007, Enablelink operates from three production sites and specialises in the acquisition, processing and distribution of ferrous and non-ferrous material.
The Birmingham-headquartered metal recycling business which employs more than 60 people and has a turnover of approximately £110m has been acquired by mid-market private equity investor Endless LLP.
Operations director Josh Long will take over as managing director following the retirement of Roy Millard.
Long commented:
"This is fantastic news for Enablelink. While it is business as usual, we are excited by the opportunities new ownership will bring and we look forward to continuing our rapid growth and development both organically and through acquisition. We would like to thank Roy Millard for building such a strong business and supporting the company and its employees over the last 17 years."
Endless' acquisition will provide the business with additional capital for growth. It is the fifth platform investment in Endless Fund V, following on from its acquisition of ASCO in August 2023.
John Stevens, investment director at Endless, added:
"We are thrilled to have been given the opportunity to acquire Enablelink. Through its strong relationships with suppliers and customers, Enablelink has demonstrated its importance to the UK green economy and the growing demand for recycled materials both in the UK and internationally. We extend our warmest gratitude to Roy for the fantastic business he has built and we look forward to working with Josh and the Enablelink team."
