RSK Group in Cheshire acquires CR Civil Engineering of Loughborough

Loughborough’s civil engineers, Pendragon Holdings, have been sold to environmental, engineering and technical services provider RSK Group.

Pendragon, which operates as CR Civil Engineering (CRC), was formed in 2000 by Carl and Mandy Roberts and has since grown into one of the largest civil engineering groups in the region, serving large clients such as Highways England, MOD and Network Rail.

Mr. Roberts will remain as Managing Director, leading the company within the contracts division of RSK.

The sale was completed with the support of Smith Cooper Corporate Finance, based in Midlands, and Flint Bishop Solicitors.

CRC has a turnover of around £ 40million and employs 250 people and 70 independent contractors. It now operates from four sites in England and Wales and has a range of heavy-duty plants.

The company specializes in motorway earthworks and has worked on smart motorway projects such as the M27, motorway junctions such as junction 23 of the M1 at Castle Donington, widening works on the M4 and motorway infrastructure works.

It also carries out railway contracts, work on platforms, stabilization of embankments, earthworks for electrification – including the London-Corby section of the Midlands Mainline – modification of bridges, drainage and parkings.

Another area of ​​expertise includes aerodrome work, including lighting, taxiways, drainage and perimeter roads.

Based in Cheshire, RSK is a provider of environmental, engineering and technical services, with more than 100 companies in the UK, Europe, the Middle East, Africa and Asia.

Since its launch in 1989, it has grown organically and through acquisitions, providing consulting and technical services to the energy, water, real estate, manufacturing, government and transportation industries.

Based on its current strategy, the company plans to achieve annual revenue of £ 1 billion by 2025 and employ 10,000 people worldwide.

Carl Roberts said, “The corporate cultures of CRC and RSK are very much aligned and being a part of RSK will not only strengthen CRC, but also provide new opportunities for the development of the company and enable our dedicated staff to achieve their goals. full potential within a growing organization.

“The SCCF team went out of their way to make sure the business was ready to sell, identified an ideal partner in RSK, and provided expert advice and guidance throughout the process.

Likewise, Flint Bishop’s team provided tireless legal advice every step of the way.

RSK CEO and Founder Alan Ryder said: “Work on large infrastructure projects is a particularly promising market and CRC enjoys an excellent reputation in the industry.

“The addition of CRC will allow RSK to provide further complete end-to-end solutions to our highway, rail and infrastructure customers.

“We anticipate that CRC will also have many synergies with RSK Group companies in related areas of work such as traffic management, earthworks, in situ testing and slope stabilization work, which we are delighted with. to explore. “

Flint Bishop’s lawyer Martyn Brierley had spoken to salespeople some time ago about taking business financial advice on preparing for a sale.

This led John Farnsworth and David Crump of Smith Cooper Corporate Finance to come forward to provide strategic advice on preparing the business for sale, identifying buyers, and managing the project from start to finish.

Botham Accounting, the auditors of CRC, provided tax advice to major shareholders.

John Farnsworth, Corporate Finance Partner at Smith Cooper Corporate Finance, said: “Given Carl’s strong sense of pride in the CRC brand and his equally strong loyalty to his staff, I am truly delighted that we have identified RSK like and professionalism could hardly have been improved, thus preparing the company for a smooth integration and continued growth. “

Flint Bishop’s attorney, Martyn Brierley, said: “Having first met Carl in 2015, I have been in a privileged position to advise Carl and the CRC Group for the past six years, and to see the business to develop.

“Carl, with the support of his team, has built a purposeful business based on integrity, respect and loyalty to its staff, contractors and customers.

“We are absolutely delighted to have advised Carl and Mandy on this divestiture, and are confident that the acquisition will result in continued significant growth for both CRC and the RSK Group. “