RSK Group has announced that it has bought Germany-based environmental and geotechnical engineering firm Dr Tillmanns and Partner.
The takeover of the business based in Berghaim is the tenth acquisition by RSK in this financial year and part of its strategy to doube the size of its business within the next few years.
According to RSK, Dr Tillamnns provides services for soil and groundwater contamination, rehabilitation planning and monitoring, landfill technology and planning, subsoil investigations, geothermics, hydrogeology and soil mechanics. The business also has an earthwork laboratory and more than 20 specialist staff.
RSK has confirmed that the business will continue to be led by managing directors Bernd Braun and Ottmar Sistenich, along with RSK’s Michael Schubert and Nigel Board, who will join the company board as managing directors. The company will join RSK Alenco, RSK’s existing German business, within its European division.
The latest acquisition follows on from RSK securing a funding package in the form of a unitranche senior debt facility from funds managed by Ares Capital Europe and a revolving credit facility provided by Nat West in December. RSK has said that this fund will be used to finance a strategic planned doubling in size over the next few years through the development of new businesses and the acquisition of bolt-on complementary businesses.
RSK CEO Alan Ryder said: “I’m really pleased to see this acquisition, which I hope will be the first of several as we invest in our European businesses and expand in Europe over the next few years. Dr Tillmanns is a great business with a very strong site investigation offer, which will help to strengthen and diversify our existing business in Germany. Dr Tillmanns has a well-earned reputation and long-established relationships with its clients.”