THE TEMPORARY SITE service company WysePower has been acquired by the RSK Group, the construction engineering company.
Founded as WysePlant in 1958, the company began by providing temporary electrics, hoists, cranes, cabins and general plant. Today, WysePower focuses on temporary site services, with more than 260 directly employed and qualified staff operating from 8 UK offices and 5 European countries. WysePower recorded an annual turnover of £28 million in the last financial year.
WyseBase is part of the WysePower group and offers a carbon-neutral alternative to traditional concrete foundations for modular and building set-ups, as well as ground stabilisation and walkway solutions.
Managing Director, Shawn Callaghan, will continue to lead the business.
Alan Ryder, CEO RSK Group
RSK Group Chief Executive Officer, Alan Ryder, said: “I’m pleased to welcome WysePower and its 260 employees into RSK. Temporary site services remain in high demand despite the ongoing economic slowdown, and I expect this will only continue. Beyond this, WysePower is a great cultural fit in our group; the ethos and values of the business are very similar to those of the wider RSK family, so I have no doubt they will settle in quickly.”
RSK comprises 175 companies, employing 10,000 people. The group’s annual turnover at the end of FY22 is expected to be in excess of £800 million, more than double that of the previous year.
The acquisition advisor was James Mines, Partner of FRP Advisory Trading Limited.