RSK buys ninth construction business in nine months

Aaron Morby 5 months ago
Share

Fast-expanding consultant RSK Group has acquired its ninth business this financial year taking over Pellings, the design, property and construction consultancy.

RSK founder Alan Ryder plans to double the size of his £200m turnover business

Pellings employs 125 staff out of four offices in London and the South East of England generating revenue of £12.5m.

It works on housing, education and healthcare projects, providing surveying, architecture, planning and project management services.

The privately owned RSK is targeting bolt-on acquisitions to build an integrated environmental, engineering and technical services business.

It now employs 2,700 staff from the UK and 36 international offices and has an annual turnover of £200m.

RSK acquisitions

  • 2016/2017: acquired three businesses: ADAS, Dynamic Sampling and JB Site Investigation.
  • 2017/2018: acquired seven firms: Acies, KMGP, Ian Farmer Associates, Cole Jarman, Up and Under Group, CJ Associates and RSKW.
  • 2018/2019: nine acquisitions: Central Alliance, Non Destructive Testing Services, Copeland Wedge Associates, Twig, CAN, PB Drilling, BTS Group, the TBF Contracting businesses, and Pellings.

Founder and CEO, Dr Alan Ryder, said that a finance deal agreed at the end of 2018 would be used to double the size of RSK over the next few years through the development of new businesses and acquisitions.

Ryder said: “Pellings is one such acquisition and we are delighted to announce our partnership with the company, a growing business that will enhance RSK’s service offering to its clients.”

Pellings will become part of RSK’s geosciences and engineering division.  The company’s current leaderhsip team, including its managing director Richard Claxton, will join RSK to drive the business forward.

Claxton said: “The services we offer at Pellings are unique within the RSK group and will release significant synergies between the two businesses.

“Our existing client base, particularly in education, healthcare and the public sector, will provide useful introductions for other parts of the RSK group, and RSK will be able to provide several services that we currently subcontract through its internal supply chain.

“With the support of RSK’s national and international network, we will be able to expand our services to a wider range of sectors in a greater geographical area.”

The new debt facility from funds managed by Ares Capital Europe will also be used to boost RSK’s international growth, including opening new offices.

It is currently actively investing in Europe, the Middle East, India, Africa and former Soviet Union countries, and has an active client base of 7,000 organisations spread across these regions.

NatWest, which is RSK’s primary provider of day-to-day banking facilities, provides a £15m revolving credit facility to support the working capital.

RSK also plans to use the financing to expand its fleet of equipment and add capabilities in its laboratories.

Latest news

Shaylor files notice of intent to appoint administrator

Subcontractors walk off sites as Midlands contractor seeks extra finance
2 days ago

Bidders day for £900m Heathrow rail tunnel project

Planned 6.5km rail link between the Great Western Main Line and London Heathrow Airport
2 days ago

Grenfell: 75% of unsafe blocks still to be reclad

Owners of 328 high rise blocks still need to complete remediation
2 days ago

Building products firm Alumasc issues profit warning

Problems at Levolux division cast shadow over upcoming results
2 days ago

Wooden football stadium plan rejected

Council rejects Forest Green Rovers plan for Zaha Hadid designed new ground
3 days ago

Flannery Plant Hire spends £30m on Cat machines

Huge deal signed at Plantworx exhibition
2 days ago

Boost your online presence – join the Enquirer Directory

Site for suppliers and buyers showcases products, services and latest stories
1 year ago

£1bn Stratford East Bank scheme clears final planning

Cultural and education centre in Olympic Park ready to go
3 days ago

Ringway wins £420m road maintenance deal

Highways England East Region contract could last 15 years
3 days ago

Hammerson unveils new Birmingham city quarter plan

1,300 homes and 1.4m sq ft of workspace planned for Martineau Galleries site
3 days ago

Planning row sees roads blocked on Persimmon site

Council blocks construction traffic to housing site
3 days ago

Tolent lands £84.5m Durham Milburngate contract

Contractor bags one of its biggest ever deals with main construction work set to start shortly
4 days ago

Government commits to net zero carbon by 2050

Industry must quickly rise to the challenge of improving the existing building stock
4 days ago

Extra week to put forward your favourite construction firms

Construction Enquirer Awards deadline extended: Enter online now
6 days ago

Wates ramps up FM offering with new business

Wates FM will target public sector work and wider spectrum of private clients
4 days ago

Worker killed by remote-controlled crane

Lift goes fatally wrong on National Grid site
4 days ago

Lendlease to start Manchester Potato Wharf phase 2

Castlefield scheme consists of two eight storey blocks
4 days ago

Wood drafted in for Hinkley Point C technical services

New Hinkley technical support deal to improve project delivery and commercial performance
4 days ago

Post Brexit skills shortages to push up tender prices by 4%

Consultant Arcadis predicts cost inflation rise in 2022
4 days ago

Robertson shuts “umbrella” employment on housing job

Workers moved back onto PAYE following union complaints over construction charter breach
5 days ago

Truro and Woking secure £142m for housing infrastructure

Local authorities secure cash to improve roads and access to housing land
5 days ago

Kier axes plan to charge subcontractors to work with them

New chief executive drops 'pay to get paid' plan
5 days ago

Scaffolder killed in fall fitting guardrails on fragile roof

Fine and suspended jail sentence following site tragedy
5 days ago

Ardmore gets call on £85m Southwark Fire Station revamp

Contractor lands first scheme by JV of Goldman Sachs International and Urbanwise Developments
6 days ago

Amey raids Colas for highways team director

Colas Aviation and infrastructure boss will run Amey's 25-year Sheffield maintenance job
6 days ago

Crest Nicholson margins fall to 14%

House builder cuts private homes sales in shift to affordable and PRS housing
5 days ago

Gender equality in construction “will take nearly 200 years”

GMB union holds Hinkley site meeting as it reveals latest workforce analysis
5 days ago

B&K signs off £60m Preston UCLan student centre

Work to start this month on student centre and new civic square
6 days ago

165 tonnes of steel needed to fix botched Liverpool hospital

Laing O'Rourke to start structural work this month to repair former Carillion project
6 days ago

Kier pulls off contracts league double

Near £260m haul of orders secures May league pole position for group
6 days ago

Contractor services