It has been an exciting time for our client, Oldham-based PMD Business Finance.
The firm recently celebrated its largest-ever deal, in assisting a £4.1million acquisition.
In December last year, PMD Business Finance arranged a funding deal for Universal Tanker Group’s acquisition of Waters Waste Services.
Peter Dobson, managing director of PMD Business Finance, said: “This funding deal is the perfect start to 2018 for PMD. We are proud to have helped many SMEs in the North West and around the UK secure finance for growth and expansion. We have a long-term working relationship with Universal Tanker Group and we are delighted to have assisted them in this acquisition of Waters Waste Services.”
Over the last eight years, PMD has grown from employing eight staff to 21 and the firm has recently relocated to a larger office space in Oldham, Manchester.
PMD’s client, Universal Tanker Group, was founded by Simon Gunn in Warrington a decade ago. The firm developed from Simon’s expertise in on-site welfare units and welfare unit hire. It has won a wide range of commercial and residential clients, including prestigious annual events such as the Grand National, the Cheshire Show and several RHS shows, such as Tatton and Chatsworth.
The recent deal released additional funding to acquire Waters Waste Services, together with valuable ongoing working capital to enable the group to meet its growth aspirations.
Simon Gunn, managing director of Universal Tanker Group, said: “This acquisition is the business opportunity of a lifetime, a real game-changer. It is exactly what we needed for the business and will dramatically expand the group’s national reach and presence.”
Peter Dobson added: “For this acquisition, we knew their funding requirement was more than just a conventional re-finance. Therefore we maximised the availability of funding by structuring a comprehensive £4.1m funding package. We are looking forward to seeing how the company grows and develops following this acquisition and will support them each step of the way.”
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