RSK will receive a further £800 million for acquisitions

The preferred equity investment comes from a consortium led by Seachlight Capital Partners, LP and Ares Management Corporation. In addition, Ares has entered into an additional debt facility worth £300 million, bringing the total available debt amount to £1.4 billion.

In April 2023, RSK agreed to “upgrade” its existing £1 billion debt facility by £250 million with Ares Capital.

RSK began in 1989 as a consulting engineering firm focusing on the water and environmental markets. Fueled by venture capital loans, it is on a fast track to acquisitions to boost sales and is growing rapidly.

It currently has over 200 diverse business units, dealing with asbestos removal, public relations and generator rentals.

Founder and CEO Alan Ryder said he was “very pleased to welcome this new group of investors and continue to strengthen our relationship with Ares.”

“This strategic partnership marks a pivotal moment for RSK as we take the next step towards our long-term vision of becoming the largest and most trusted provider of sustainable solutions in the world.”

Ryder added that the new cash injection “will be key to executing… our mergers and acquisitions (mergers and acquisitions) strategy and expanding our service offering.” Last year, RSK completed 34 business acquisitions.

The RSK Group has grown rapidly over the last six years, with turnover increasing tenfold from £112m in 2017 to £1.2bn in the year ended April 2023 (latest reports).

However, the company has seen a pre-tax loss in each of these years, with last year’s pre-tax loss being £81m.

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