Beauparc Utility Group Acquires Monaghan based Exomex for €20m
(9th October 2021) Beauparc Utility Group has acquired Monaghan based waste management firm Exomex in a deal worth in excess of €20m.
Exomex, which includes the McElvaney’s Waste & Recycling, Ace and Ecological brands, is a family-run business established in 1985. The company provides a waste and recycling service to household and commercial customers throughout the counties of Monaghan, Cavan and Louth as well as operating five recycling centres on behalf of local authorities in those areas.
With 24,000 domestic and 3,500 commercial customers, the acquisition of Exomex will bring Beauparc’s nationwide customer base to in excess of X,000 homes and businesses.
Commenting on the acquisition, Brian McCabe, Managing Director of Beauparc said; “Exomex is a business which fits with our growth strategy and also shares our ethos and values. Their early adoption and commitment to sustainable development and the circular economy established them as a progressive force and leaders in their field regionally. Now, alongside their existing team, Beauparc will bring new investment and our significant experience in the sector to ensure the future growth and success of the business.”
He continued; “The acquisition of Exomex further expands our nationwide footprint and consolidates our position as key player in sustainable utility solutions. We are looking forward to servicing our new communities and customers can expect to receive the highest level of customer service, and a guarantee that 100% of the material collected will be recycled or recovered for energy”
Members of the current management team Emmet, Kieran and Patrick McElvaney will continue on with the business alongside the retention of all 100 existing employees. Outgoing Managing Director Hugh McElvaney acknowledged the hard work and dedication of the McElvaney family and many long-serving staff members in building the Exomex business.
“I would like to go on record and thank all our loyal staff, many of whom have been with the business for a number of years for helping take us to where we are today. I would also like to acknowledge the current management team and next generation of the McElvaney family who have overseen significant growth of the business in recent years. Exomex will now have the global resources of Beauparc to develop and grow the business to new levels. This acquisition will bring another level of opportunity to these employees and supports to our customers. I wish the very best and continued success to all involved in the company for this next exciting chapter.”