Expanding Cheshire group announces latest acquisition
RAW is a specialist in inland oil spill response and remediation which 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.
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. 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.