Bishopsgate Corporate Finance is pleased to announce that it advised the shareholders of Hawkins Electrical on its recent sale to RSK. Hawkins Electrical is a specialist nationwide electrical service to the UK holiday and mobile home industry and offers bespoke design and installation, product supply and manufacture, inspection and maintenance, mandatory testing and remedial works.
Skegness based Hawkins Electrical was founded in 1967 and its team of 74 includes qualified electrical engineers along with electrical apprentices and a skilled, experienced management team. It has built its reputation on designing and installing private electrical distribution networks and providing quality products to the holiday and mobile home park industry, with a small element of works in the marina marketplace.
Managing Director of Hawkins, Alex Farrow, who will continue to lead the business, said: “Our business has been built on a proud tradition of strong growth and ethics and we believe that joining the RSK Group will provide an excellent foundation to continue this ambitious trajectory. RSK offers considerable opportunities for expansion into new markets and being part of such a significant group is great for staff development and retention, which is very important to our entire team.”
RSK is a global leader in the delivery of sustainable solutions. It has a family of over 175 environmental, engineering and technical services businesses who work together to provide practical solutions to the challenges faced by society. They operate in most sectors of the economy, including many of those most critical to future global sustainability, such as water, energy, food and drink, infrastructure, urban development, mining and waste.
Alan Ryder, RSK Group Chief Executive Officer comments on the acquisition: “Hawkins Electrical has an enviable reputation of innovation and client service – one of its customers has had a relationship with the business for 52 years – and this close alignment with RSK’s ethos is why we are proud to welcome the company to our group. Hawkins has earned a reputation that is unrivalled in the industry, servicing both the small and large sites with national holiday park operators.”
Bishopsgate Corporate Finance were lead advisers to the shareholders:
Sam Holmes, Manager at Bishopsgate Corporate Finance said: “It was a privilege to advise the shareholders of Hawkins Electrical and we wish the management team all the best. The company is the market leader in the UK and the transaction will support the company’s next stage of growth. This is a great example of our ability to deliver successful outcomes for owners of specialist B2B service providers.”
Other sell side advisers included Sills & Betteridge (legals) and Duncan & Toplis (accounting and tax).