Ovivo sells its UK municipal business to in-house team
Ovivo Inc. has sold its UK municipal business for an undisclosed sum to part of the existing senior management team led by Alex Lloyd, Ovivo’s Vice President, UK Municipal, and Finance Director, Peter Sargent.
The deal is supported by corporate finance experts Clearwater International and backed by asset based lending specialists Shawbrook Business Credit. The new Company, which will focus on the UK and Ireland wastewater sector, will trade as Jacopa.
The agreement brings some of the UK’s best-known wastewater brands − Copa, Jones+Attwood, Aquator, Tomkinson and MBR Technology, including a licence for Brackett Green products under the new Jacopa umbrella.
The Jacopa product portfolio is certainly well matched to the needs of today’s municipal water sector. Copa offers products and technology for the municipal markets, specialising in sedimentation, biological treatment, screening and stormwater management. Jones+Attwood specialises in wastewater treatment plant inlet works products, and Brackett Green is a well-known name in screening for municipal water and wastewater treatment.
MBR Technology and Aquator focus on municipal aerobic MBR biological wastewater treatment, and Tomkinson’s specialises in clarification, sedimentation and biological wastewater treatment for the municipal market.
The new management team is led by Alex Lloyd, previously Vice President, OVIVO UK Municipal. Alex now becomes Managing Director of Jacopa.
A Chartered Chemical Engineer, Alex has held high profile posts as both Managing Director of Operations for Severn Trent Services and Sales Director for Degremont UK. Previously he held key technical and engineering roles with Nokia and Nalco for water and wastewater treatment in paper mill and oil refinery operations.
Alex says: 'Jacopa is an exciting development for the UK municipal wastewater sector and will provide a comprehensive range of market-leading processes and products from a single well respected source.
'The Jacopa team are dedicated to the UK and Ireland municipal wastewater market with a clear and uncompromised focus on the sector. Exceptional customer service is at the heart of our business and we are committed to working in partnership with our customers to solve their problems in a cost-effective and sustainable way. We will actively seek to respond to changing market demands, and will have exciting news about new products in the coming months.'