Industrials: MML’s investment in Vyta, a leading IT recycling company
Armstrong is pleased to have provided commercial due diligence (CDD) for MML Ireland in support of its investment in Vyta, a leading company in the IT recycling industry, with a strong focus on customer service, sustainability, and security.
Established in 2001, Vyta specialises in the secure and responsible disposal of IT equipment, covering collection, data security and wiping, re-commerce, and disposal, all in an environmentally responsible manner. Vyta is the only provider based in Northern Ireland to hold both the ADISA and R2 accreditations, and is one of the largest IT asset disposal companies across the island of Ireland. MML’s investment will support Vyta’s growth strategy in the UK and Europe. Vyta’s first acquisition is FGD, an Essex-based IT disposal company.
As part of the CDD process, Armstrong carried out in-depth interviews with a range of Vyta’s and FGD’s customers, as well as market experts and competitors to give MML a rounded view of Vyta’s market position in the ITAD (IT asset disposal) sector, and its opportunity for growth. Armstrong also assessed market demand and the competitive landscape and worked with MML’s deal team and the FDD team on analysing management’s business plan cases and internal KPIs.
Chris Walsh at MML said; “Matt, Simon, Rupert, and the whole Armstrong team provided a comprehensive and high-quality report supporting our investment into Vyta. The report was insightful and helpful for MML and the management team, with insights and recommendations that will help to shape the strategy to scale the business. We look forward to working together again in the future.”
Simon Hemsley, Partner at Armstrong, said; “The ITAD market in the UK & Europe is a good opportunity for a buy-and-build strategy, as it is fast-growing but fragmented by service line & country. Vyta has a strong management team which has grown the business significantly in recent years and is well-positioned both as a consolidator and for organic growth.”
For further details on this project and Armstrong’s views on opportunities in the business services and industrials sectors, please contact;
Simon Hemsley, Partner
+44 7957 340534
Matt McNally, Director
+44 7894 736523
Rupert Cookson, Senior Consultant
+44 7983 110150