Castle Square Corporate Finance has successfully advised the shareholders of Bradford based Octane Holding Group and Octane Draincare on their sale to strategic acquirer LCM Environmental Services, for an undisclosed sum.
Established in 2012 and operating nationwide, Octane designs, installs, and maintains bunded fuel tanks, fuel dispensers, and drainage systems, ensuring operational efficiency, environmental protection, and regulatory compliance.
Octane brings recognised capability across fuel infrastructure, drainage and environmental services, adding further strength to the wider LCM Environmental Group’s self-delivery model and operational capacity.
The acquisition forms part of LCM Environmental’s wider growth strategy and further strengthens the LCM Environmental Group as it continues to expand its capabilities across the UK and Ireland.
Richard Sykes and Jason Unsworth, founders of Octane, said “We’re incredibly proud of what we’ve built with Octane and the team behind it. LCM is the right partner to take the business forward, and we’re confident it will continue to grow and succeed under their ownership.”
Richard Wallace, CEO of LCM, said “We’re delighted to welcome Octane into LCM. The business has been built on strong foundations, with a great team and an excellent reputation. We look forward to building on that success together and supporting the next phase of growth”.
The process was led by Rob Burton, partner at Castle Square, supported by , associate director. Mark Rutherford, partner, and Jessica Snape, solicitor of Gateley Legal provided legal advice to the Octane shareholders.
Burton said “This is a fantastic deal for everyone involved and it’s always rewarding to see a strong business secure its legacy having sold to an ambitious buyer like LCM who are in a fantastic position to take it from strength-to-strength.
This deal demonstrates the active deals environment in Yorkshire.”
LCM Environmental was advised by Clarion Solicitors and Interpath on the buy side, with funding support from Barclays Corporate.
Not precious about it but only name without a job title for consistency’s sake
Should it actually say what we did/ reinforce that we provided corporate finance advice to the shareholders?