Our Corporate Finance team advise on another acquisition for RSK Group
We have helped RSK Group acquire Wigan based Ground Heat Installations Limited.
Ground Heat Installations is one of the UK’s largest providers of ground source heat pumps. It employs 15 staff and has worked on projects including Clifford Lamb Court, the first of its kind in Europe, Albion Towers and three further projects for Salix Homes.
Ground Heat’s knowledge and expertise in renewable energy heat pumps will complement RSK’s existing technical and drilling services.
RSK Group is the UK’s leading integrated environmental, engineering, and technical services consultancy.
Alan Ryder, Chief Executive at RSK, said:
“We believe that ground source heat will play a vital role in our drive to net-zero emissions and help bring an end to fuel poverty,”
“We are delighted to welcome Ground Heat’s incredibly talented team on board. Although Covid-19 has taken over recent news, we must continue to focus on the impacts of climate change and ensure that organisations and communities are supported as we move towards a greener future.”
Dave Thompson, Ground Heat Managing Director, added:
“Delivering heat to both domestic and commercial properties is a major contributor to greenhouse gas emissions and will undergo transformative change as we move to a low-carbon future.
Ground source heating is an important part of the solution, so I am excited to be joining RSK, a business that shares our values to drive development in this sector.”
The vendors were advised by Steve Plaskitt and Graham Brown from our Corporate Finance team, and by Nigel Williams and Sean Jackson at Endeavour. We had previously teamed up alongside RSK Group following on from the sale of Geocore Site Investigations Limited to them in August last year.
Steve Plaskitt, our Corporate Finance Partner, said:
“It was great to see a small innovative renewable energy company become part of a larger group which will allow it to provide its UK leading services throughout more of the country. It was also good to work alongside Endeavour again on our second deal together for RSK Group.”
Nigel Williams, Partner at Endeavour Partnership, said:
“We already knew how the RSK team work and we regularly work with MHA Tait Walker so this transaction was a genuine team effort. We were delighted to get this deal completed for our clients in these challenging times.”