Springboard Engineers Another Deal

April, 2018 - Birmingham, England

Springboard Corporate Finance is delighted to announce that it has advised the shareholders of Copeland Wedge Associates Limited (‘CWA’) on the sale of the company to RSK Group Ltd (‘RSK’).

Formed in 2011 by directors David Copeland, Steve Wedge and Jim O’Donnell, CWA is a contemporary consulting civil and structural engineering practice. Employing 39 people, CWA provides high quality engineering expertise to a broad range of public and private sector clients operating in commercial, healthcare, education, retail, industrial and residential verticals. Recent projects include the Oculus building at Warwick University, the London Taxi Company’s new HQ at Coventry and the refurbishment of 55 Colmore Row in Birmingham.

CWA has been acquired by leading national environmental and engineering services group RSK. Backed by Permira Debt Managers, RSK works globally and turns over more than £150 million. CWA will join RSK’s Geotechnical and Engineering Division with the transaction seeing RSK’s headcount rise to over 2,300 in 85 offices worldwide. The founding directors of CWA will continue to drive the business forward and CWA will retain its brand.

Steve Wedge commented: “CWA has grown a strong brand underpinned by quality, commercial advice and insight and a contemporary approach to civil and structural engineering challenges. We look forward to continuing to work with our valued clients and with our new colleagues at RSK where we see great synergy for our services.”

Dr Alan Ryder, chief executive officer, RSK, said: “I am delighted to join forces with CWA and welcome their experienced and skilled people who share our common values. CWA will bring us better access into the Birmingham and wider Midlands markets and further enhances our engineering capability.”

The shareholders of CWA were advised on the sale by Springboard Corporate Finance with the transaction being led by Partner Ben Bolt and Director James Bailey. Ben Bolt commented “We are thrilled to have assisted Dave, Steve and Jim to both crystallise value and find a partner with shared values, a supportive ethos and excellent fit in terms of client base and complementary services. The sale of a human capital operation requires real sensitivity and understanding to get the right outcome. We wish all parties all the best for the future.”

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