A North East technical consultancy is underneath new possession after being snapped up by a world £280m turnover group.
Environmental and engineering firm RSK Group Ltd has acquired Newcastle-headquartered Enviresearch, which gives regulatory and danger evaluation providers to the worldwide chemical business, for an undisclosed sum.
Enviresearch advises purchasers easy methods to register merchandise on the market that can defend well being, houses and meals. It specialises within the safety of crops from assault by bugs, illnesses and weeds, whereas additionally implementing sustainable farming methods and defending the setting.
The corporate was launched 20 years in the past by Newcastle College graduate James Garratt and now employs round 20 folks, most of whom are based mostly at its metropolis centre workplaces.
Working primarily with UK and European prospects, it additionally has abroad purchasers in North America, China, Japan and South East Asia, and has a subsidiary workplace in Portugal.
RSK Group Ltd, in the meantime, which turned over £287m final yr, gives a variety of providers which assist organisations obtain their aspirations in a sustainable and environment friendly method.
It employs greater than 5,000 employees all over the world and goals to develop by acquisitions to change into a world chief within the fields of environmental science, analysis, engineering and technical providers.
Enviresearch was RSK’s thirteenth acquisition of the 2020/2021 monetary yr.
Michael Cantwell of RMT Accountants & Enterprise Advisors and John Nicholson of Mincoffs LLP suggested the Enviresearch administration staff on the transaction.
Founder Mr Garratt stated: “Enviresearch has been rising steadily for nearly precisely twenty years and we’re very happy to have discovered such a well-regarded agency to take it on into the subsequent section of its improvement.
“Our highly-skilled staff’s work is predicated round 5 areas of excellence – our purchasers, our colleagues, our future, our work and our group – and it was a problem to discover a firm that mirrored all of those values till we met RSK.
“The administration staff confirmed that they actually understood and lived these values too and I felt they made a superb match with us.
“They’re formidable for progress and improvement, and the hyperlinks that at the moment are creating between Enviresearch and different components of the RSK portfolio are already offering robust alternatives for data sharing and new tasks.
“The RMT and Mincoffs groups had been important companions in enabling this deal to be concluded efficiently. Their experience and proactivity stored the whole lot on observe, even throughout its most detailed phases, and likewise helped us improve the enterprise’s administration programs and processes to everybody’s profit.”
Hassan Ahsan of the M&A staff at RSK, added: “We’re delighted to welcome the Enviresearch staff to RSK.
“The enterprise’ observe document offering professional regulatory and danger evaluation providers to the worldwide chemical business is complementary to our current workstreams however will drastically enhance our place in these sectors.
“Its established presence in Portugal additionally strengthens our current European footprint, which is a key intention for our rising enterprise.”
Michael Cantwell, head of company finance at RMT Accountants, stated: “Enviresearch is an actual North East success story which has taken regional experience proper all over the world. We’re very happy to have helped James reap the rewards of twenty years’ dedication whereas additionally setting the enterprise as much as proceed its progress journey as a part of the RSK model.”
John Nicholson, companion within the company staff at Mincoffs LLP, added: “It has been a pleasure to symbolize James within the sale of Enviresearch to RSK. It presents the Enviresearch staff with the chance to proceed to develop as a part of the RSK model, and we sit up for seeing what the long run holds.”