RSK Group has secured a massive funding boost to support the business’ ongoing expansion strategy.
The Cheshire-headquartered company will receive a £500 million preferred equity investment from a consortium led by global investors Searchlight Capital Partners and Ares Management Corporation.
Longstanding investor Ares has also committed to an incremental £300 million debt facility for the business, a total of £1.4 billion to date.
The additional capital will allow RSK to execute on its organic growth plans and continued mergers and acquisitions (M&A) programme.
The investment comes not long after the group managed to top £1 billion in turnover for the first time, and completed around 34 acquisitions last year alone.
RSK provides end-to-end environmental consulting and engineering services across the water, energy, construction, and infrastructure sectors.
Founded in 1989, the group now comprises more than 200 companies, employing 15,000 people worldwide, and is on track to deliver £5 billion in turnover by 2030.
Click here to read more about RSK’s recent growth activity
RSK founder and CEO, Alan Ryder, said: “RSK is very pleased to welcome a new group of investors and further strengthen our relationship with Ares. This strategic partnership marks a pivotal moment for RSK as we take another step towards our long-term vision of becoming the world’s largest and most trusted provider of sustainable solutions.
“Searchlight and Ares’ expertise in our industry, combined with their track record of supporting growth initiatives, will be instrumental as we execute on our M&A strategy and expand our service offerings.
“After three decades, RSK remains committed to delivering environmental and engineering services to help government and business clients around the world achieve a more sustainable future. The opportunities for RSK increase at pace.”
Searchlight partner, Giles Marshall, added: “The evolving regulatory landscape, accelerating global energy transition and goal of providing clean water and sanitation for all, present increasing challenges and opportunities for RSK’s customers, which the business is uniquely positioned to execute on.”
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