Mon, 21 Dec 2020 | BUSINESS SALE
Acquisitive consultancy group RSK has expanded further with the acquisition of Black & Veatch’s water business in the UK and Asia. The acquisition, which is expected to complete early next year, includes all of the company’s 1,200 employees and contracts, as well as 13 office locations in the UK, mainland China, Hong Kong, the Phillippines, Singapore and Vietnam.
Following the acquisition of its Water Europe and Water Asia businesses, Black & Veatch will be rebranded as Binnies. The business will add £160 million to the group’s annual turnover. It expands the number of countries in which it has a presence from 21 to 31 and takes its overall group headcount from 4,300 to 5,500 worldwide.
The acquisition represents the seventh of the year for RSK and its 39th since 2016. Acquisitions form a core part of RSK Group’s ambition to become Europe’s largest privately-owned environmental and engineering business, with annual turnover of £1 billion, by 2025. Its turnover has increased from £147 million in 2018 to £287 million this year.
One of its key strategic aims is to expand its presence in the water sector. Prior to Black & Veatch, it acquired Water Research Centre (WRc) in August and water engineer firm Nicholas O’Dwyer in March.
RSK CEO and founder Alan Ryder commented: “This acquisition marks the most significant growth in our 31-year history, positions RSK as a market leader in the water sector and provides a springboard for RSK into the East Asian markets.”
“The addition of Binnies to the group will greatly enhance RSK’s ability to address climate change, green growth and water and sanitation services at a global level through applied engineering excellence.”
“Binnies brings incredibly valuable specialist expertise in all areas of the water utility sector; flood and coastal defence planning and design; specialist environmental services; digital and data services; construction management and commissioning; and operations, thereby bringing a true end-to-end client service offering.”
Scott Aitken, managing director of Binnies Europe, said: "The environment we live in is facing considerable challenges, so our clients are seeking sustainable, resilient and affordable solutions to meet these challenges.
"Our water environment is a very precious resource. I am delighted with the acquisition by RSK of what will become the new Binnies business, an RSK-owned company, and how, with the combination of technical excellence, leading digital technology capability and end-to-end service offering, we will be at the forefront of assisting our clients solve these complex challenges efficiently and effectively."
Find businesses for sale here.
If you are looking for an exit, we can help!
Opportunity to acquire a prominent fabricator of complex steelwork for creative exhibition, art and architectural engineering projects worldwide. Specialist steel fabricator to innovative and creative engineering projects worldwide.
A highly-profitable Civil Engineering Contractor with a diverse capability and a wholly owned plant register of excavators, machinery, vehicles and equipment is for sale. Excellent bolt-on acquisition with no restrictive premises or finance commitmen...
Established company with a stellar reputation, with wide client base covering multiple sectors, and manager in place.
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
18
|
Jun
|
Merger creates UK’s “second largest” altnet | MERGER
Fill fibre provider Brsk has merged with ultrafast broadband...
05
|
Mar
|
Acquisitive environmental services group RSK passes £1bn in revenue | BUSINESS NEWS
RSK Group, a Cheshire-headquartered environmental services g...
10
|
Feb
|
RSK Group more than doubles turnover following 27 acquisitions in a year | BUSINESS NEWS
Environmental, engineering and technical services firm RSK G...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.