Equiteq, the leading M&A advisory firm for companies in the Knowledge Economy, is pleased to announce that it has advised Nicholas O’Dwyer, the Dublin-headquartered engineering and environmental consultancy, on its sale to RSK, a leading integrated environmental, engineering and technical services business. The transaction closed on March 16, 2020.
Nicholas O’Dwyer provides water engineering, environmental engineering and civil and structural engineering services to public and private sector clients. The company was founded in 1932 by Nicholas O’Dwyer, a previous chief engineering inspector in the Department of Local Government and former president of the Institution of Engineers of Ireland. Over the past 88 years, it has transitioned into one of the largest independently owned engineering consultancies in Ireland. The company employs more than 200 staff across Ireland (Dublin), the UK (Newry and Birmingham), and Africa (Tanzania and Zambia).
RSK’s CEO Alan Ryder said: “Nicholas O’Dwyer’s excellent reputation, long history of success and position as a market leader in Irish water services make it an ideal business to welcome into the group. Nicholas O’Dwyer will expand RSK’s engineering capabilities and help to solidify our presence in Africa, so we are looking forward to exploring new opportunities.”
Richard Crowe, Managing Director of Nicholas O’Dwyer, commented: “Joining the RSK group boosts the capacity of Nicholas O’Dwyer to continue growing by giving us access to diverse talents and resources across the group and enabling us to provide a wider range of services to our clients. We share with RSK a commitment to solving our clients’ problems and a focus on a can-do approach to clients’ needs. This is an opportunity for us to develop skills and experience of talented people further through working on new and interesting projects in diverse disciplines.”
Regarding Equiteq’s role in the transaction, Mr Crowe added: “We’re delighted with the result of this transaction and appreciate the efforts that the Equiteq team contributed. The sector insight and guidance in positioning the business was valuable and the project management and execution over recent months helped ensure a successful conclusion.”
Ed Groome, Managing Director in Equiteq’s London office, said: “We are very pleased with the outcome for the shareholders and wider team at Nicholas O’Dwyer. RSK’s complementary services and geographic coverage will create a number of synergies which will result in new opportunities and accelerated growth for the business. We wish Richard and the team every success moving forward as part of the enlarged RSK group.”