BGF-backed RSK bolts on CAN

The transaction comes two years after BGF invested £10m in RSK to support the acquisition of Adas, and seven months after the portfolio company bolted on Non Destructive Testing Services and Copeland Wedge Associates.

The latest deal is intended to expand RSK's client base of principal contractors, in particular those operating in the rail sector.

Prior to the CAN acquisition, RSK had 55 UK and 36 international offices with a combined turnover of £175m, according to a statement.

Company
Chesterfield-headquartered CAN is a structural engineering contractor that undertakes large-scale, specialist access projects. The business primarily focuses on geotechnical projects for slope and retaining wall stabilisation, in addition to the installation of rock fall protection measures. It also provides structural repairs, construction, inspection, testing and maintenance services.

Previous projects have included the installations of the roof on Tottenham Hotspur Football Club's new stadium and a helter skelter on the Orbital structure in London's Olympic Park. It also worked on the rebuilding and reinforcing of the Dawlish seawall and seacliff in 2014 after winter storms resulted in the closure of the main line rail link to Cornwall.

CAN has a total headcount of 250 including additional offices in Northfleet and Portishead.

People
RSK Group – Alan Ryder (CEO).
CAN – Andy Wingfield (managing director); Neil Foster (commercial director).

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• Topics
• Portfolio management
• UK / Ireland
• Industrials
• United Kingdom
• BGF (Business Growth Fund)
• Build-up