KBS Corporate advises on the sale of Spencer ECA Group Limited and Quantum Geotechnic Limited to the highly acquisitive RSK Group
Spencer ECA Group consists of Spencer Environmental Care Associates Limited and Quantum Geotechnic Limited. Spencer ECA offers services that include groundworks, site clearance, landscaping, forestry, bioenergy and almost all aspects of land and environmental maintenance and management.
Spencer ECA Group consists of Spencer Environmental Care Associates Limited and Quantum Geotechnic Limited. Spencer ECA offers services that include groundworks, site clearance, landscaping, forestry, bioenergy and almost all aspects of land and environmental maintenance and management. In more recent times, the company has expanded its offer into the renewables sector.
Quantum Geotechnic provides a range of geotechnical services, from desk-based research to preliminary risk assessments, mining studies, geotechnical and geo-environmental consultancy, through to site investigations, in-situ testing, specialist ground monitoring installations. The company also provides ground stabilisation services, including soil nailing, mini and micro piling, ground anchors, rock bolting, meshing, shotcrete works and grout injection.
During initial discussions with the shareholders of Spencer ECA Group, it became apparent that sourcing a buyer who could build on the founder’s success and facilitate further growth was very important. The shareholders were keen to ensure that a buyer could support the staff and build on the great reputation and brand that the shareholders have built.
KBS Corporate implemented a diverse research strategy, which resulted in around 30 interested parties with a mix of financial and trade buyers. The successful offer came from RSK Group and this is the second acquisition via KBS Corporate within the past 12 months having previously acquired EIB Group.
Joint Managing Directors Jamie Jukes and Ross McDermott, who will continue to lead the Spencer business, said: “The clear synergy with the RSK Group, along with the opportunities for growth, made the Spencer Group acquisition by RSK a natural choice.”
RSK Group Chief Executive Alan Ryder added: “Spencer will expand our service offering in environmental management services, landscaping, groundworks, site clearance, recycling and forestry work, making a significant contribution to the group’s goals.
“Jamie and Ross’s comment about the synergy between RSK and Spencer is spot-on. Both companies are committed to the most comprehensive health and safety and environmental credentials, investing in sustainable resources and skills development.”
Tom Eatough, Corporate Director at KBS Corporate, Spencer ECA Group and commented, “It was a pleasure to work with the shareholders and I am really pleased with the result. The shareholders have built a multifaceted construction support & environmental solutions business with an impressive client base. I am sure the acquisition will be a great success moving forward.”