RSK Group funding news – RSK Group Limited Sign an Agreement to Secures £500 Million in Funding
Jun 17, 2024 | By Team SR
RSK Group Limited, a global leader in the delivery of sustainable solutions, sign an agreement to secures £500 million in Funding preferred equity investment from a consortium led by Searchlight Capital Partners, L.P. (“Searchlight”), and Ares Management Corporation funds (“Ares”).
To further assist RSK Group growth aspirations, Ares has also committed an additional £300 million lending facility, bringing the total amount of debt facilities that Ares has made available to £1.4 billion.
RSK Group was established in 1989 by its CEO, Alan Ryder. With 15,000 workers, the company offers comprehensive, customised environmental consulting and engineering services to a wide range of clients in the water, energy, construction, and infrastructure sectors.
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The goals outlined in RSK Group 2030 Global Strategy are anticipated to be supported by the increased funding, including measures for organic growth and the ongoing implementation of the business' acquisition plan.
Dr Alan Ryder, Founder and CEO said, “RSK Group is very pleased to welcome a new group of investors and further strengthen our relationship with Ares, This strategic partnership marks a pivotal moment for RSK as we take another step towards our long-term vision of becoming the world’s largest and most trusted provider of sustainable solutions. Searchlight and Ares’ expertise in our industry, combined with their track record of supporting growth initiatives, will be instrumental as we execute on our M&A strategy and expand our service offerings. After three decades, RSK remains committed to delivering environmental and engineering services to help government and business clients around the world achieve a more sustainable future. The opportunities for RSK increase at pace.”
James Redmayne, Partner at Searchlight said “We are delighted to be partnering with Alan and the RSK management team, as they embark on the next phase of their journey to becoming the leading global provider of sustainability solutions for their customers. The unique employee-ownership culture of the business provides the perfect platform for RSK to continue its stated mission of striving to address the current and future impacts of climate change.”
Giles Marshall, Partner at Searchlight, added “The evolving regulatory landscape, accelerating global energy transition and goal of providing clean water and sanitation for all, present increasing challenges and opportunities for RSK’s customers, which the business is uniquely positioned to execute on. We look forward to partnering with the management team to support their continued growth and industry-leading service.”
Michael Dennis, Co-Head of European Credit at Ares, added, “Since our initial investment in 2018, we have seen firsthand RSK’s commitment to helping advance the energy transition through differentiated client solutions. We are excited to increase our financial commitment alongside Searchlight and further support the Company’s focus on identifying new investment opportunities and developing innovative capabilities that can drive more sustainable business outcomes and long-term growth for RSK.”
About RSK Group
RSK works with over 8,000 clients across 40 countries on six continents, making it a global leader in the provision of sustainable solutions. Together, its 15,000 workers and more than 200 environmental, engineering, and technical services companies operate as a family to offer workable answers to some of the most significant problems that society has ever encountered.
The business is involved in most economic areas, including many that are vital to the sustainability of the world's food and drink supply, infrastructure, urban growth, mining, waste management, and water and energy. Utilising its comprehensive portfolio that includes research and development, consulting, and on-the-ground implementation, RSK is able to provide an unmatched end-to-end solution.