Providing the fuel quality and tank infrastructure business with an opportunity to further increase its forecourt focus the addition of PIS (Ireland) also expands its scope to other public and private organisations.
Marking the foundation of the LCM Environmental Group of businesses this landmark deal provides a new gateway to a wider European marketplace.
LCM Environmental has delivered unprecedented growth in the past two years, turnover has doubled as service offerings have significantly increased and staff numbers have grown accordingly.
Following the acquisition of South Midland Installations (SMI) in October, this latest acquisition establishes a new geographical base and increases the Groups’ offering in both the UK and Ireland.
A fuel management and forecourt installation market leader, PIS (Ireland) will benefit from LCM’s experience in tank management, fuel risk mitigation and other maintenance services.
Richard Wallace, CEO of LCM Environmental comments: ‘It has been a long-term goal of LCM Environmental to acquire an Irish base and expand overseas. We are happy to announce that this is now a reality, and we look forward to integrating PIS (Ireland) capabilities within the company.
“The start of the LCM Group marks a new beginning for us, as a business – we are more determined than ever to keep growing within the industry and reach new heights in the coming months!’
Colin Doyle, general manager of PIS Ireland, shares: ‘We are thrilled to become a part of the LCM Group. With our combined in-house capabilities, extensive fleets and trained experts, LCM and PIS complement each other on all levels.
“Over the years that followed PIS Ireland’s foundation in 2012, the company has established a prominent reputation within its sector and has formed strong relationships with a multitude of clients across the UK. As such, it is now in an excellent position from which to achieve considerable further expansion alongside LCM.’
With over 60 years of combined experience, the two companies will benefit from each other’s established customer bases as well as further efficiencies through the expanded UK and Ireland footprint. PIS (Ireland), now operating as part of the LCM Group, will continue to trade under its own name, ensuring a seamless transition and significant expansion in in-house services for its current clients
The additional resources LCM Environmental has acquired in petrol forecourt installations and further site commissioning technical expertise will benefit its current client base.
This acquisition was facilitated by Mills Selig Solicitors, Clarion Solicitors, and O’Reilly Stewart Solicitors. Tax advice was provided by BHP Chartered Accountants and funding by Barclays Bank.
The photo shows PIS (Ireland) General Manager Colin Doyle (left), LCM Environmental CEO Rich Wallace (centre) and PIS (Ireland) Operations Manager David Wright (right).