[London/Glasgow] Restore Datashred, the UK’s leading data management and recycling services group, has acquired Paper Shredding Services Ltd, a leading provider of paper and media shredding and recycling services.

Paper Shredding Services Ltd

Paper Shredding Services Ltd, is a leading independent provider of secure, compliant collection and destruction services for a wide range of media, from paper documents to hard drives. The business serves clients throughout Scotland across public and private sectors, including healthcare, legal, financial and education, operating a purpose-built, compliant confidential shredding and baling facility, strategically located in Scotland’s central belt.

Restore Datashred

Restore Datashred are a UK market leader in the provision of integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions. This acquisition boosts Restore Datashred’s secure paper destruction and IT recycling offering in Scotland and will be accretive to the group’s wider business strategy.

EvolutionCBS advised the sellers on the sale, providing M&A consultancy: financial analysis, origination and negotiation services, leveraging its significant experience and track record as a sector agnostic M&A advisor working with SMEs valued between £5m and £50m. EvolutionCBS managed discussions with a select group of interested parties.

Mike Whittle, Managing Director of EvolutionCBS who led the deal comments:

“We are delighted to complete this highly synergistic transaction for Paper Shredding Services and Restore Datashred, securing the longevity of our clients long established business with a market leading acquirer.

“I’d like to thank the professional team at Restore Datashred, led by Charles Skinner, Natalie Matthews and Dan Baker, who have been highly organised, commercial and professional throughout. I’d also like to thank our supporting advisory teams, David Beveridge and Eva Fraser of McDonald Henderson acting for our client and Fieldfisher Legal led by David Bowcock acting for Restore Datashred, all of whom have worked so diligently to complete this transaction quickly – we’ve enjoyed working with you all.

“Lastly, I’d like to congratulate our clients Steven and Ron Hill, the shareholders of Paper Shredding Services – it’s been a pleasure working with you and the team at EvolutionCBS wish you all the very best for the future.”

Adam Chandler, Associate Client Director at EvolutionCBS who advised the vendors, comments:

“Having been through this process myself only recently, I know firsthand how challenging it can be working through the sale of a business. Steven, assisted by his father Ron, have been excellent throughout and I’m delighted to have been able to help them. Once again, the team at Restore have been a pleasure to work with and the legal teams acting for both sides have excelled themselves so thank you to everyone who has supported this deal.”

Steven Hill, Managing Director – Paper Shredding Services Limited, comments:

“It wasn’t an easy decision to sell a business that you’ve worked so long and hard for, but we felt that the business had run its’ course. We engaged with EvolutionCBS who did a fantastic job of helping us find the right buyer and guiding us through the process. Following interest from several parties, we believed that selling to Restore Datashred would be the best fit for PSSL and TSA. Now that our business will form part of a much larger organisation, offering diversified services, we’re confident that our customers are in very safe hands. Furthermore, our people will have opportunities to enhance their careers which we would never have been able to provide. We wish everyone all the very best.”

Natalie Matthews, Managing Director – Restore Datashred, comments:

“We are delighted to welcome Paper Shredding Services into Restore Datashred. This acquisition is a strong strategic fit for us, strengthening our geographic reach in Scotland and supporting our long-term growth strategy. PSS have built a strong reputation with their customers, so we are very much looking forward to that continued success. It has been a pleasure to work with Evolution again on this deal, and I would like to personally thank Mike Whittle and Adam Chandler for their support throughout the process, which has always been professional, pragmatic, and driven by genuine collaboration between all parties to get the deal over the line.”

About EvolutionCBS

As a long-established premium provider of business sale advisory services to UK businesses, EvolutionCBS offers business owners a complimentary and confidential discussion on how their specific objectives could be met and provides them with pragmatic, practical advice on how to begin preparing both themselves and their businesses for future sale or investment.

EvolutionCBS works with owners of UK businesses in any sector, finding buyers from around the world through highly targeted research and supporting clients with dedicated Director-led teams, at every stage of their journey to a successful sale or investment.

If you are an owner or shareholder of a business and would like a no-obligation consultation on the sale of all or part of your business, please email: info@evolutioncbs.co.uk or contact us on Tel: 0118 959 8224