BGF backs RSK with £10m funding

BGF backs RSK with £10m funding

Business Growth Fund (BGF) has provided £10m in funding to RSK Group plc, a global environmental, health, safety and engineering services company headquartered in Cheshire, UK.

The funding is supporting the group’s acquisition of agricultural and environmental consultancy ADAS and its longer-term growth plans.

Working with clients such as Shell, Taylor Wimpey, and HS2 Limited, RSK provides environmental impact assessments, clean-up operations and geotechnical analysis on major infrastructure projects in the UK and worldwide. For example, the company is currently working on the Mersey Gateway Project.

Founded in 1989, RSK now has a turnover of more than £100m and employs more 1500 staff worldwide.

RSK’s acquisition of the business, operating assets and employees engaged in ADAS UK Ltd will add new services to its portfolio, including expertise in land management, crop and food production, specialist chemical risk assessment and town planning.

RSK CEO Dr Alan Ryder said:"I am delighted to join forces with ADAS. The company has extremely experienced and skilled people who share our common values. RSK and ADAS see food production, energy and the environment as the most important issues facing humanity, so we will work together to deliver the best solutions for our customers.

"BGF’s ethos of backing growing British businesses and their ability to provide long-term support were good fits for RSK. Their funding helped us to move forward with this acquisition in a relatively short timeframe, and we are delighted to be joining the businesses headquartered in the North West that have already received their backing."

BGF investor Neil Inskip added: "BGF exists to help ambitious businesses move forward with their growth plans. RSK is a business of significant scale, built on a collection of niche expertise, and with clear ambitions for the future of the company. The funding also demonstrates BGF’s appetite to continue supporting local companies with global operations and aspirations."

 

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