RSK Group acquires Pellings
RSK Group, which claims to be the UK’s leading integrated environmental, engineering, and technical services business, has announced its latest acquisition – design, property, and construction consultancy, Pellings – the ninth acquisition that RSK, a privately owned company with 36 international offices, over 2,700 staff, and an annual turnover of £200 m, has made in the 2018/2019 financial year.
A UK company, Pellings employs around 125 staff, with an annual turnover of £12.5 million and four offices in London and south-east England. It provides surveying, architecture, planning, and project management and facilities management services for housing, education, and healthcare projects. Pellings will become part of RSK’s geosciences and engineering division. Its current leadership team, including its MD, Richard Claxton, will join RSK and continue to drive the business forward.
RSK’s founder and CEO, Dr Alan Ryder, 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, 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. 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’ Richard Claxton added: “The services we offer 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 sub-contract 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.”