Wednesday, January 27, 2021

Leicester engineering firm acquired

RSK Group Ltd, an integrated environmental, engineering and technical services business, has acquired two businesses from engineering specialist the Pharos Group: Pharos Generator Services and Field Engineering Services (FES).

The Pharos Group provides state-of-the-art engineering and support services for the aerospace, automotive, telecommunications and electrical infrastructure sectors. RSK has acquired the group’s companies Pharos Generator Services, based in Cheshire and Bristol, and Leicester-based Pharos FES.

Pharos Generator Services has a team of engineers who jointly have over 60 years’ experience in the power generation industry specialising in the supply, installation, commissioning, repair and servicing of diesel backup and emergency power systems.

The business provides a wealth of experience in the diesel-powered generation field and offers services for compressed air systems and electrical switchgear ranging from installation to service and maintenance. Key clients include the Ministry of Defence, BT, the NHS, police forces, fire services, facilities management companies and businesses in the private sector.

Pharos FES was established in 2003 and specialises in the specification and installation of standby power-generation plant. The business offers a full turnkey service, from the initial site survey, through design, project management and materials sourcing, to the completion of work. Pharos FES has carried out projects on behalf of BT throughout the UK, including at Dial House in Glasgow and at the BT exchange at Burne House, Paddington, London, following major flooding.

Pharos Generator Services and Pharos FES will join RSK’s geosciences and engineering division under the direction of George Tuckwell. Both companies will continue to be operated by the existing management teams, which include Keith Tyrrell, Lee McMurray, Richard Love, Paul Hyatt and Steve Chapman.

“Pharos Generator Services and FES are actively exploring new clean-fuel technologies, and with support from the wider RSK group, will continue the expansion of their services to include renewable technologies and battery standby power,” comments George Tuckwell.

“This is a market that is expected to grow considerably as we move towards clean energy. Many organisations currently rely on diesel generators for backup power but we have an ambition to explore how renewables and battery storage might be a valued alternative in certain situations.”

Pharos Group Chairman, Ray Apted, adds: “RSK is a perfect fit to ensure the continuation and growth of the businesses in the years to come.”

BHP Corporate Finance acted as lead advisors to the shareholders for the Pharos acquisitions.

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