CIRQLR Forms with Quercus's Aid in UK Waste Management
Deal News | May 07, 2025 | Quercus Corporate Finance
Quercus Corporate Finance has played a crucial role in the development of CIRQLR, a new UK-based waste management and recycling company backed by iCON Infrastructure. Under the leadership of industry expert David Palmer-Jones OBE, CIRQLR successfully acquired three companies, Castle Environmental, Cox Skips/The Recycling Partnership, and initiated further acquisitions of Wilrose, Ellgia, and Bakers Trade Waste business. As strategic advisors, Quercus, led by Mark Whelan and Neil Giles, provided advisory support for CIRQLR's initial acquisitions and ongoing growth initiatives. This expansion comes at a time of significant industry changes driven by evolving market dynamics, legislation like Simpler Recycling and EPR, and a rising emphasis on ESG compliance. The establishment of CIRQLR aims to address these challenges and capitalize on emerging opportunities in waste management.
Sectors
- Waste Management and Recycling
- Corporate Finance and Advisory
Geography
- United Kingdom – CIRQLR is a UK-based waste management and recycling platform, and the advisory services by Quercus Corporate Finance were provided within the UK market.
Industry
- Waste Management and Recycling – This industry is relevant as the article discusses the creation and expansion of CIRQLR, a company specializing in this sector.
- Corporate Finance and Advisory – Quercus Corporate Finance is an advisory firm that played a significant role in advising iCON Infrastructure and CIRQLR on their strategic acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quercus Corporate Finance | Advisor | Company | A corporate finance advisory firm, pivotal in the creation and expansion of CIRQLR. |
| CIRQLR | Target Company | Company | A new waste management and recycling group in the UK, led by industry veteran David Palmer-Jones OBE. |
| iCON Infrastructure | Bidding Company/Investor | Company | An infrastructure investment firm backing the new CIRQLR platform. |
| Castle Environmental | Acquired Company | Company | A firm acquired by CIRQLR as part of its initial strategic expansion. |
| Cox Skips/The Recycling Partnership | Acquired Company | Company | Part of the initial acquisition strategy by CIRQLR. |
| Wilrose | Acquired Company | Company | A company acquired by CIRQLR with Quercus's advisory. |
| Ellgia | Acquired Company | Company | A firm included in CIRQLR's acquisition through Quercus's guidance. |
| Bakers Trade Waste Business | Acquired Company | Company | Another acquisition made by CIRQLR based on Quercus’s advisory role. |
| David Palmer-Jones OBE | CEO | Person | The CEO leading CIRQLR with extensive experience in the waste management industry. |
| Mark Whelan | Partner at Quercus | Person | Led the advisory team at Quercus for CIRQLR's formation and acquisitions. |
| Neil Giles | Advisor at Quercus | Person | Worked alongside Mark Whelan in advising CIRQLR’s initial acquisitions. |
| Mike Mortimor | Advisor at Quercus | Person | Led the advisory efforts for later acquisitions of CIRQLR. |
| Amanda Hall | Advisor at Quercus | Person | Collaborated with Mike Mortimor on CIRQLR's acquisition strategy. |