Northern waste management firm secures £2m to fund growth

A northern waste management firm has announced that it has secured £2m of funding to help finance its growth.

Harpers Environmental, based in York and Teesside, secured the funding from Independent Growth Finance (IGF).

The company focuses on the extraction, treatment and appropriate disposal of waste, based out of two sites in York and Teesside, and serves clients across a range of sectors including food processing, manufacturing, petrochemicals and utilities.

Jonathan Marlow, executive director of Harpers Environmental, commented: “In IGF we saw a similarly entrepreneurial, pragmatic and agile partner which fits perfectly with the direction of our business.

“The whole team at IGF has been superb and has moved at pace to complete the transaction, notwithstanding the challenges of the Covid-19 backdrop, and this will support our growth over the next five years.

“From the initial conversation six weeks ago, to signing, IGF has been consistent and unwavering in its delivery of the transaction.

“Clearly any credit decision is that bit more challenging in the current environment and so deliverability is paramount from the company’s perspective.”

Jeff Greenfield, ABL director at IGF, added: “We are delighted to support the team at Harpers Environmental as they continue on their growth path.

“We took the time to understand the business so that there was no variance from indication of terms to the final offer.

“Despite the logistics challenged presented by Covid-19 we were pleased to complete this deal ahead of schedule.”

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