Environmental and engineering services specialist RSK Group has swooped for a specialist in inland oil spill response and remediation – its fourth acquisition of this financial year. Pandea member Dow Schofield Watts assisted RSK on the deal.
The company has bought the business, operating assets and employees engaged in the business of RAW Technology Ltd.
RAW 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.
The business will operate as RSK Raw Ltd 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.
RSK Raw 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: “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, which is headquartered in Helsby, now employs more than 3,100 staff in more than 100 offices worldwide and has an annual turnover in excess of £250m. It was advised by Dow Schofield Watts Transaction Services and Dow Schofield Watts Business Recovery.