Bin manufacturer Taylor has been acquired by investment firm Sullivan Street Partners.
The move means that chief executive Peter Selkirk has now become chairman of the company and David Williams, who was part of the management team, becomes chief executive.
Sullivan Street partner Richard Sanders said: “Our existing involvement in environmental services companies helped to identify the Taylor Group as an attractive asset with a tremendous position in the UK.
“Peter Selkirk and his team have worked hard to position Taylor as an industry leader where they are ready to benefit from increasing sales in new and existing markets. The unique focus that Sullivan Street Partners provides will enable Taylor to rapidly accelerate its growth plans in both the UK and overseas.
“Taylor represents a superb platform for us to develop further within the recycling and environmental services business.”
New chairman Peter Selkirk said: “We are absolutely delighted to partner with Sullivan Street Partners. The team has been linked with Taylor in a consultancy role for some time now and this has meant they have a good understanding of both the business and the sector, which, linked with their hands-on analytical approach means they can add real value from day one.”