RSK Group is continuing to pursue its ambitious growth strategy with the acquisition of market-leading temporary site service company WysePower which emphasises the use of carbon-neutral building solutions.
Founded as WysePlant in 1958, the company began by providing temporary electrics, hoists, cranes, cabins and general plant. Today, WysePower is the market leader in temporary site services, with more than 260 directly employed and qualified staff operating from eight regional UK offices, from Glasgow to Bristol, along with operations in five European countries delivered from its operational centre in Amsterdam. WysePower recorded an annual turnover of £28 million in the last financial year.
WyseBase is part of the WysePower group and offers a carbon-neutral and cost-effective alternative to traditional concrete foundations for modular and building set-ups, as well as ground stabilisation and walkway solutions.
This enables the installation of stacked cabins of various heights without breaking ground. In addition, the foundations are made from recycled materials and are fully recyclable after use, which will save on average 1.66 tonnes of carbon for each tonne of concrete produced.
Recent WysePower projects include data centres across the UK, Europe and Scandinavia, Gigafactories, HS2 works, Grade 1-listed buildings, expansive commercial and retail developments and a multitude of high-quality residential schemes.
Managing Director Shawn Callaghan, who will continue to lead the business, said:
“For more than 60 years, we have developed and maintained the trust and support of our clients, who appreciate the breadth of our service packages, the quality of our designs and installations and the dedication of our employees. We look forward to continuing this work, specialising in prestige projects and emerging market sectors, such as high-tech manufacturing, hyperscale data centres and major infrastructure projects while benefitting from the growth RSK can offer. This gives us the opportunity to enhance our project work and client relationships by working with a host of RSK businesses from the same or related sectors.”
RSK Group Chief Executive Officer Alan Ryder commented:
“I’m pleased to welcome WysePower and its 260 employees into RSK. Temporary site services remain in high demand despite the ongoing economic slowdown, and I expect this will only continue. Beyond this, WysePower is a great cultural fit in our group; the ethos and values of the business are very similar to those of the wider RSK family, so I have no doubt they will settle in quickly.”
As RSK continues to deliver its ambitious growth strategy, it now comprises more than 175 companies, employing 10,000 people. The group’s annual turnover at the end of FY22 is expected to be in excess of £800 million, more than double that of the previous year.
The acquisition advisor was James Mines, Partner of FRP Advisory Trading Limited.
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