Macdonald Henderson has advised Paper Shredding Services (“PSS”), the Glasgow based provider of secure, compliant collection and destruction services on its disposal to Restore Datashred, the UK data management and recycling services group, strengthening Restore Datashred’s geographic reach in Scotland and supporting its long-term growth strategy.
PSS 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 holds a prominent position 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.
Steven Hill, managing director of PSS, said: “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.
“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 at Restore Datashred, added: “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”.
We are pleased to have advised the shareholders of Paper Shredding Services on this milestone transaction, and wish the combined Restore Datashred group, and all its stakeholders every success for the future.
Advisors to the transaction
Paper Shredding Services – Macdonald Henderson (legal), Evolution CBS (deal initiator and corporate finance), Azets (accountancy and tax);
Restore Datashred – Field Fisher LLP (legal).