LCM Environmental has announced the acquisition of Octane Holding Group Limited and Octane Draincare Limited, further strengthening its service capability and wider market presence.

The acquisition brings together complementary strengths across fuel, drainage and environmental services, while supporting LCM Environmental’s wider strategy to broaden service coverage, deepen in-house capability and strengthen national delivery.

Octane brings recognised capability across fuel infrastructure, drainage and environmental services, strengthening the wider LCM Environmental Group’s self-delivery model and operational capacity.

As an established specialist provider, Octane also adds regional strength alongside LCM Environmental’s existing base in Lancashire, supporting broader delivery capability across environmental and critical infrastructure services.

Richard Wallace, CEO of LCM Environmental, said: “We’re delighted to welcome Octane into LCM. The business has been built on strong foundations, with a great team and an excellent reputation. We look forward to building on that success together and supporting the next phase of growth.”

Richard Sykes and Jason Unsworth, Managing Directors of Octane, said: “We’re incredibly proud of what we’ve built with Octane and the team behind it. LCM is the right partner to take the business forward, and we’re confident it will continue to grow and succeed under its ownership.”

The acquisition forms part of LCM Environmental’s wider growth strategy and further strengthens the LCM Environmental Group as it continues to expand its capabilities across the UK and Ireland.

LCM Environmental was advised by Clarion Solicitors and Interpath on the transaction, with funding support provided by Barclays Corporate. Octane was advised by Castle Square Corporate Finance and Gateley PLC.