FRP Corporate Finance advises shareholders on sale of WysePower
We are pleased to have advised the shareholders of WysePower, one of the UK’s biggest providers of temporary site solutions for construction projects, on its sale to RSK Group.
The majority shareholders of WysePower, who acquired the business in 2006, have now sold their majority stake to RSK, a global leader in the delivery of sustainable solutions, with the current management team led by Shawn Callaghan continuing to grow the business as part of the RSK Group.
WysePower is the market leader in temporary site services, with more than 260 directly employed and qualified staff operating from eight regional UK depots, from Glasgow to Bristol, and a strong presence in Europe. The acquisition will add further capabilities to RSK’s portfolio, including expertise in temporary power and site services.
RSK has a strong track record of growth through acquisition, bringing technical excellence into the group and facilitating greater collaboration between its business units.
Our FRP Corporate Finance team ran a full sales process to identify the best strategic partner for WysePower that would enable the majority shareholders to exit their investment and secure a natural home for the business, supporting management and future growth.
As part of this process, our team selected RSK as the preferred party, led negotiations and managed the process through to completion.
James Mines, Partner at FRP Corporate Finance, said: “WysePower operates across resilient sectors including data centres and critical infrastructure, which continue to show strong growth both in the UK and Europe.
“Strong underlying market dynamics have ensured WysePower has consistently delivered exceptional financial results. The business has a strong pipeline providing substantial visibility of future performance across multiple years.
“We worked closely with the firm’s shareholders to secure the right deal, which represents a great outcome for the shareholders, the company, and customers.”
Hamish Stevenson-Hamilton, Majority Shareholder at WysePower, said: “WysePower is a strong business, with an impressive track record and an enviable pipeline of work.
“It has a bright future as part of the RSK Group. This deal will see WysePower add new capabilities and solutions to RSK’s solution portfolio, which will benefit from the breadth of our service packages, the quality of our designs and installations and the dedication of our employees.
“FRP Corporate Finance brought a great deal of skill and experience to the table which helped the deal go as smoothly as possible, and has secured a great future for both businesses.”
Industrials & Manufacturing
Selling a business
FRP Corporate Finance ran a full sales process to identify the best strategic partner for WysePower that would enable the majority shareholders to exit their investment and secure a natural home for the business, supporting management and future growth.Corporate Finance James Mines