Arlo Group, the owners of AQS Environmental Solutions, one of the largest providers of drainage, industrial and waste management services in Ireland, has been taken over for an undisclosed sum.
The new owner is Lanes Group, which has a portfolio including water utilities, transportation, energy, local government, construction, insurance and domestic.
Arlo Group, based in Tipperary, comprises AQS Environmental Solutions and Acorn Recycling, a sludge-to-compost recycling company. AQS Environmental Solutions has 60 employees and provides specialist drainage services to local authorities, private industry and residential customers.
The deal was unanimously agreed by the boards of both companies, and is the second major acquisition by Lanes Group in recent weeks.
On 5 November 2015, UKDN Waterflow (LG), a wholly-owned subsidiary of Lanes Group, acquired from administration UKDN Waterflow and UKDN Waterflow Technical Services with more than 250 employees.
Lanes Group now has 1,703 staff, 27 operating centres and five utility hubs.
Richard Leigh, business development director, pictured, said: “Both acquisitions deliver new business opportunities that are an excellent strategic fit, both with our current services and our plans for growth.
“AQS Environmental Solutions has sound finances, a strong brand and a good reputation with customers in Ireland. Acquiring the company helps us to achieve a strategic ambition to extend our geographical reach, where it is financially and operationally prudent to do so.
“We are excited by the opportunity these acquisitions give us to combine our expertise and experience to provide all our customers across the UK and Ireland with even better drainage and maintenance services and greater value.”