Northants water treatment firm sells for £1.9m

Marlowe has bought Northamptonshire’s Advance Environmental,the water treatment and hygiene services group for £1.9m

Founded in 1997, Advance Environmental employs 40 people and services over 100 customers with a strong focus on healthcare alongside a range of other sectors such as education and leisure.

In their most recent set of accounts, Advance Environmental reported revenue of £2.5m, translating into EBITDA of £0.5m and net assets of £1m. The transaction will be funded using Marlowe’s existing cash and debt resources.