RSK buys scaffolding and traffic specialists

Grant Prior 6 years ago
Share

Expanding consultant RSK Group has acquired another raft of companies after securing a new financing package.

The new debt facility from funds managed by Ares Capital Europe will help RSK achieve its strategy of doubling in size over the next few years.

The latest deals see RSK acquire the TBF Contracting businesses of TBF Traffic and TBF Scaffolding and tree surgeons the BTS Group.

RSK now employs 2,500 staff globally and has an annual turnover of £200m.

Founder and CEO Dr Alan Ryder said: “The financing gives us the financial clout to continue our track record of acquiring businesses built by entrepreneurs that have a strong culture and loyal staff.

“RSK is delighted to join forces with BTS and TBF and their extremely skilled workforce. They are excellent businesses which have a good cultural fit with RSK.

“Their teams have an impressive track record of delivering innovative solutions in a wide range of sectors.

“By bringing them under our umbrella we can release synergies, taking new services to our existing clients and taking our pre-existing services to the clients of our newly acquired businesses.”

BTS and the TBF companies are owned by the same shareholders.

Headquartered in Suffolk, they have a combined turnover of £22m, and 200 staff and 160 subcontractors in offices in Needham Market, Telford, Newark-on-Trent and Elgin, Scotland.

TBF Traffic provides road and traffic management services to a wide range of utility and civil engineering firms, while TBF Scaffolding provides services to a range of utility and construction firms on projects of all sizes.

BTS and the TBF companies will join the agriculture, land and property management division of RSK.

BTS and TBF managing director Halley MacCallum, who will join RSK and continue to lead the businesses together with their three current directors, said: “Joining forces with RSK offers us market access to work on HS2 and other contracts which we’re keen to get on tender lists for.

“This is an exciting opportunity for our staff and our businesses to expand into new fields.”

RSK also plans to use the financing to expand its fleet of equipment and add capabilities in its laboratories.

It invests millions each year into new tools and specialist kit, including its fleet of drilling equipment which already comprises the largest collection of site investigation equipment in the UK.

Latest news

Council pulls £274m road scheme over bat row

Ferrovial stood down after £56m spent on Norwich Western Link
36 mins ago

£500m house building framework opens for bids

17 firms face fight to retain places on north west housing consortium list
1 hour ago

Government faces £49bn estate maintenance backlog

Spending watchdog calls for urgent action to save crumbling public estate
1 hour ago

Sellafield awards £95m industrial services framework

Kaeffer seals new access, asbestos and insulation deal
1 hour ago

HG Construction names new MD

Greg Purkiss appointment completes corporate restructure
2 hours ago

Plasterer in court for Covid loan fraud

Fraudster spent £50,000 Bounce Back loan on gambling, groceries and fantasy football
1 hour ago

Industry’s best construction managers revealed

Full shortlist for CIOB Construction Manager of the Year award
20 hours ago

Steeplejack dies after 60 metre church fall

Specialist contractor, which has ceased trading since accident, fined £60,000
4 mins ago

Government to signal backing for London airports expansion

Chancellor growth plan speech to give nod to Heathrow, Gatwick and Luton plans
18 hours ago

Hospital building plan extended by a decade – full list

All planned projects retained with fresh start dates for industry certainty
1 day ago

Kier launches £20m share buyback as debt cut

Steady first-half trading shrinks average month end debt to £38m from £137m
1 day ago

Plans unveiled for £365m Heathrow data centre

Distribution centre developer moves into data centre market
1 day ago

Plan for 6.5m sq ft Greater Manchester industrial zone

Russell LDP and Harworth to submit ambitious Northern Gateway plan this Spring
1 day ago

Building boss sold diggers still on HP

Court hears how building director sold rented machines to fund sports car and gambling habit
2 days ago

Wates names new hard FM chief

Jack Prady joins from Thermic Technical FM
2 days ago

Council steps-in at sites where developer failed

First Endeavour LLP went under while building new homes across Fife
2 days ago

Mace confirmed for £93m weather centre HQ

Work to start on weather scientist hub at University of Reading
2 days ago

Council starts £200m hunt to replace Balfour Beatty

Tender race begins after Herefordshire Council parts ways with contractor
2 days ago

St William gets go-ahead for 245-home Stratford scheme

Planning approved for Stratford Gasworks regeneration
2 days ago

Balfour Beatty to sell Omnicom to Hitachi Rail

Digital rail monitoring business employs over 100 engineers
2 days ago

Van Elle partners with Wood on power transmission jobs

Ground investigation and piling deal worth over £30m
2 days ago

Former Balfour regional MD dies before taking up new role

Lindsay McGibbon struck down by cancer
5 days ago

One of Wales’ oldest contractors delivers record profit

Andrew Scott chairman says clients are now looking beyond lowest bids for jobs
5 days ago

Henry administrators chase £10m director payment

Cash frozen as legal action continues
6 days ago

Warning after scammers pose as plant hire bosses

Flannery targeted by fraudsters trying to con customers
5 days ago

Carey co-founder Tom Carey passes away

Contractor confirms death of second of three founding brothers
6 days ago

Robertson and Balfour win £333m schools deal

Contractors land work for five schools in Scotland
5 days ago

Go-ahead for £125m Ealing leisure centre and homes scheme

Council seeks contractor to deliver flagship Gurnell development
5 days ago

State of Englands local roads a ‘national embarrassment’

Spending watchdog urges Govt to tackle £15bn repair backlog
5 days ago

Worker loses three fingers at timber frame factory

Construction supplier fined after panel saw accident
5 days ago

Contractor services