RSK Group Ltd acquires Pellings
Technical and environmental services company RSK Group Ltd has completed the acquisition deal of design consultancy Pellings.
Pellings will become part of RSK's geosciences and engineering division. The company's current leadership team, including its managing director Richard Claxton, will join RSK and continue to drive the business forward.
The acquisition of Pellings is RSK’s ninth in the financial year 2018/19.
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.”
Pellings recently completed work on a new care home and day centre in Southend on Sea and the redevelopment of Enfield Civic Centre.
Dr Alan Ryder, founder and CEO of RSK, said: “In December 2018, we announced a new funding package in the form of a unitranche senior debt facility from funds managed by Ares Capital Europe (Ares) and a revolving credit facility provided by NatWest. This will be used to finance a strategic planned doubling in size over the next few years through the development of new businesses and the acquisition of bolt-on complementary businesses.”
RSK plans to use the financing to expand its fleet of equipment and add capabilities in its laboratories.
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