Expanding Cheshire group announces latest acquisition
RSK, the Cheshire-based environmental engineering and technical services consultancy, has formally acquired the business, operating assets and employees engaged in the business of RAW Technology.
The acquisition, for an undisclosed sum, is Helsby-based RSK’s fourth of this financial year.
RAW, a specialist in inland oil spill response and remediation, operates worldwide from 16 offices in the UK and Ireland.
Its clients include insurance companies NFU Mutual, Legal & General, RSA, Aviva, AXA, Direct Line and LV=, Speedy Hire and National Trust.
In 2016 RAW won a RoSPA Gold Award and UKSpill named RAW its domestic responder of the year in 2016 and 2017.
The business will operate as RSK Raw and trade as RSK Raw.
Neil Stothert, who has been RAW’s managing director for six years and has 25 years’ experience in the industry, will continue to manage the company.
The business and its 85 employees will become part of RSK’s contracting division under the direction of RSK divisional director Claire Knighton.
“RSK Raw shares many of RSK’s core values, and its service provision complements ours,” said RSK’s founder and chief executive Alan Ryder.
“Like RSK, it is a people-orientated business that focuses on building strong client relationships. Our shared ethos will stand us in good stead.
“I am looking forward to working with our new colleagues.”
Neil Stothert added: “I am delighted that we have joined the RSK group and have the support of extensive environmental services that will enable RSK Raw to thrive.
Neil Stothert
“Our services are closely aligned with existing RSK services, so we will see numerous synergies as we begin collaborating.”
RSK Raw is the latest acquisition under RSK’s funding package from Ares Capital Europe and a revolving credit facility provided by the NatWest Bank announced in December 2018.
RSK is investing in the development of new businesses, bolt-on complementary businesses, equipment and capabilities to
increase its services and to expand internationally.
It now employs more than 3,100 staff in more than 100 offices worldwide and has an annual turnover in excess of £250m.
RSK was advised by Dow Schofield Watts Transaction Services and Dow Schofield Watts Business Recovery.
