RSK Group has successfully finalised a major investment deal to support its ongoing expansion strategy.
The company has secured a £520 million cash boost from a consortium of private equity investors led by Searchlight Capital and Ares Management, to pursue its organic growth plans and mergers and acquisitions (M&A) programme.
The investor partnership was first announced in June, which at the time promised a £500 million capital injection in the Cheshire-headquartered company.
Other businesses in the investor pool include UK private equity firm Penta Capital, and existing shareholder BGF, who has since provided an additional £20 million to the equity package, raising the total amount.
Longstanding investor Ares has also committed to an incremental £300 million debt facility for the business, a total of £1.4 billion to date.
RSK founder and CEO Alan Ryder said: “As we noted in June, this strategic partnership marks a pivotal moment for RSK as we take another step towards our long-term vision. By doing the right thing and ensuring RSK is a business that people want to be part of, we believe we can become the world’s largest and most trusted provider of sustainable solutions. With strong tailwinds in our primary end-markets, we’re excited to complete this transaction, so the business can focus on delivering this vision and take advantage of the growth opportunities available to us.”
Click here to read more about RSK’s recent growth activity
Ryder added: “We are delivering crucial environmental and engineering services to help government and business clients around the world achieve a more sustainable future and in approaching these projects, we are conscious of our unique ability to draw on consultancy, technical services and engineering skills across the water, energy, construction and infrastructure sectors. We believe this offering to be unmatched in the marketplace and it enables us to offer a complete project management package to our clients, from inception to delivery.”
RSK has successfully acquired more than 100 businesses in the last five years, and in March managed to top £1 billion in turnover for the first time.
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.
The additional capital will allow RSK to execute on its continued growth and M&A strategy.
RSK provides end-to-end environmental consulting and engineering services across the water, energy, construction, and infrastructure sectors.
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