May 2017 – GCP completes investment in First Mile, a London based recycling company

May 2017 – GCP completes investment in First Mile, a London based recycling company

Growth Capital Partners (“GCP”) is pleased to announce that it has completed an investment in  First Mile, a London based recycling company. GCP is investing alongside the management team who will continue to lead the business post-completion. The investment is to deliver the team’s growth plan, underpinned by investment in infrastructure and operations to ensure high service levels to new and existing customers.

The company was founded in 2004 by CEO, Bruce Bratley. City-centre businesses who wanted to recycle were being under-served and over-charged by the waste industry, but using technology First Mile collects multiple streams of waste daily and at low cost.  Since the business started, it has grown by 25% every year.

Customers are at the heart of First Mile’s story, and the company serves all sizes of UK businesses; from major national chains to thousands of independent businesses and SME’s.

The investment comes during a crucial time for the UK environment sector – last year’s referendum presents many opportunities for the UK to become a leader on environmental issues and technology. First Mile, with the investment, will be able to support more businesses with hassle-free waste collection, enabling businesses to save money and take control of their environmental responsibility.

Bruce Bratley, CEO and founder of First Mile commented:

“At First Mile, we are committed to delivering the highest quality service to all of our customers. We believe that GCP will be the perfect partner to help us deliver higher recycling rates, attract new customers and ultimately help businesses of all sizes to become ‘planet savers.”

“We want to dominate our core London territories and continue expanding to regional towns and cities across the UK. We will also keep enhancing our technology so that our vision of being able to recycle everything becomes a reality. We look forward to working with GCP to enjoy continued growth and to achieve these goals in the near future.”

Kirsty McDonald, Partner at GCP commented:

“The First Mile customer offering – which includes low cost and straightforward services, great customer care and the ability to recycle – is clearly differentiated in the market and as a customer ourselves, we’ve always valued First Mile’s clear proposition. The opportunity to partner with such a passionate, energetic and successful team is hugely exciting and we’re delighted to be working with them in continuing to grow the business.”

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