Fri, 21 Feb 2025 | BUSINESS SALE
Architectural and property consultancy business N-Able Group (N-Able) has been bought by environmental, engineering and technical services company RSK. The deal was supported by FRP Corporate Finance.
N-Able is a one-stop-shop for design and construction services, specialising in the delivery of low energy, low environmental impact buildings. It is made up of two companies, ECD Architects, an architecture firm providing sustainable building design in England and Scotland, and Keegans, a building consultancy specialising in retrofit, building and fire safety.
The 110-strong N-Able Group, which is headquartered in London and also has offices in Glasgow and Preston, appointed FRP Corporate Finance. to help prepare the business for sale and identify potential buyers. The focus was on ensuring any suitor aligned with N-Able’s core commitment to sustainability.
FRP Corporate Finance’s Bristol team, led by partner Mark Naughton, associate director Freddie James and manager Kush Kunwar, worked on the deal.
RSK Group were said to stand out as sharing N-Able’s vision and values. RSK describes itself as a global leader in the delivery of sustainable solutions. It consists of more than 200 environmental, engineering and technical services businesses covering a range of sectors such as education, mining and transport.
FRP led negotiations on price, structure and working capital considerations to maximise value for the shareholders and managed the deal through to completion.
Mark Naughton, partner at FRP Corporate Finance, said: "N-Able has been pioneering sustainability within architecture and property consultancy for nearly three decades, so it was important to find a buyer with closely aligned values. ECD and Keegans are award-winning businesses with market leading offerings in sustainable architecture, retrofit and building safety, and this deal represents an exciting opportunity for all to maintain their identity going forward, while benefiting from being part of the highly reputable RSK Group."
N-Able group chairman Danny Innes said: "FRP played a crucial role as our trusted advisers. They managed the acquisition process with precision, navigating negotiations in a level-headed and objective manner, even when emotions ran high. Their approach was direct, honest, and always in our best interests. We could not have asked for better advisers and would highly recommend them to anyone considering a transaction of this scale."
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