The troubled New Earth Solutions Group (NESG) has been bought from the administrators.
NESG and New Earth Solutions Facilities Management were placed in administration on 7 June.
Now the administrators, Duff & Phelps, says a sale of the businesses, assets and operating subsidiaries completed on 9 June.
A statement from Duff & Phelps said: “The sale to DM Opco has safeguarded the 143 jobs across the New Earth Group’s five operating sites and head office in Verwood – although none of the operating sites themselves is in administration.
“The business, assets and subsidiaries of the companies will continue to trade as New Earth.
A spokesperson for DM Opco said: “We look forward to working with the management team and all employees in order to re-establish the business and deliver strong growth. New ownership has enabled the Group to strengthen its balance sheet and it is now fully funded.”
DM Opco appears to have been incorporated on 14 April with James Declan McKelvey, described as an accountant, as the sole director.
The takeover follows a letter from New Earth to shareholders on 7 June announcing that proposed investment by a “significant” operator of combined heat and power plants on the continent had not materialised by a deadline of 31 May.
Director Michael Richardson told shareholders that “the directors of the New Earth companies, in consultation with their advisers, decided that the New Earth companies were required to seek statutory protection by filing a notice for the appointment of an administrator”.
NESG processes household waste from a number of authorities including the Dorset Waste Partnership, Bournemouth Borough Council, Leicestershire County Council and Kent Waste Partnership.