BDO advised WRH Ltd on the acquisition of Whelan Refining. BDO advice enabled the exit of Bridges Community Ventures and Catapult Venture Managers, who had originally invested in 2006, when the plant was re-engineered to the highest technical and environmental standards to become the first and only waste oil refining plant in the UK – recycling waste oil to produce base oil which is sold back to the lubricant industry.
Since then, Whelan has helped to successfully divert over 100,000 tonnes of waste oil from use as a low grade fuel while producing net savings of over 300,000 tonnes of greenhouse gas emissions. The transaction represents a great opportunity for John Whelan, the Managing Director, and another successful Private Equity deal for BDO.
“BDO has been my corporate finance adviser since 2005 and have consistently provided invaluable advice which has been of significant benefit to my business. I would wholeheartedly recommend BDO to anyone, given this experience”
John Whelan, Managing Director, WRH Ltd