The Environmental Business Journal (EBJ) has named RSK as one of its Business Achievement: Mergers & Acquisitions award winners for the second year running. The annual awards recognise outstanding business performance.
RSK’s award acknowledges its green growth strategy that has seen the environmental, engineering and technical services group acquire 11 businesses in the current financial year (to date). The EBJ specifically highlights RSK’s recent acquisition of Black & Veatch’s UK and Asia water businesses, now renamed Binnies, in its summary of RSK’s achievements: “[Binnies will add] an expected £160 million to RSK’s annual revenues. The deal [includes] UK-based Black & Veatch Limited, Black & Veatch Hong Kong Limited and Black & Veatch (SEA) Pte Limited in Singapore. The businesses … specialize in water utility, infrastructure, engineering and environmental projects, and flood and coastal defense planning and design. The deal will increase RSK’s headcount from 4,300 to 5,500 employees worldwide and add significantly to RSK’s Asian footprint.”
On the acquisition, RSK Chief Executive Officer 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 combination of RSK’s environmental, scientific and engineering capabilities and global presence with Binnies’ expertise in water utility, flood and coastal and environmental services will enable our group to deliver ever more sustainable water and environmental solutions.”
The summary also alludes to the importance of the water sector to RSK’s growth plans, following the acquisitions of WRc and Nicholas O’Dwyer in 2020. The group aims to become the largest privately owned environmental and engineering business in Europe; to turn over £1 billion annually; and to employ 10,000 people.
The EBJ is a business-research publication that provides high-value strategic business intelligence to the environmental industry. The Mergers & Acquisitions awards highlight companies that use ambitious and groundbreaking acquisitions strategies.
You can view the full article on the EBJ website.