DBK Partners Ltd acquired by the RPS Group PLC
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Property and construction consultants DBK Partners Ltd has been acquired by the RPS Group PLC, a multi-disciplinary UK quoted consultancy that employs more than 5,000 staff across 125 countries.
The agreement, which was finalised on the 22 April (2016), means that DBK becomes the first cost consultant, project management and building surveying practice to join the world leading property group. The DBK team will spearhead the growth of the new business stream as part of the DBK / RPS expansion strategy.
DBK currently employs more than 140 people across four offices, they will continue to trade as DBK Partners Ltd as an independent subsidiary to RPS and will have representation on the RPS Group board.
RPS provides advice on the development and management of the built and natural environment, the planning and development of energy and urban infrastructure and the exploration and production of oil and gas and other natural resources.
Tim Downing, Duncan Berry & Steve Kelly, Managing Directors of DBK said: “DBK has enjoyed an incredible decade of growth, employs an extremely talented and enthusiastic workforce and is on track to deliver a turnover of £13.5 million.
“We pride ourselves on our long established client relationships and also successfully attracting new clients from new sectors to our portfolio. Moving forward we have identified a substantial pipeline of opportunity and we are in a great strategic position to consider our growth options.
“During our growth review process we were approached by RPS. The Group was looking to establish a project management, cost consultant & building surveying division and identified the potential in our business to satisfy this requirement and the wider growth strategy of the RPS business.
Trevor Hoyle, CEO at RPS said: “Our key strategic objective is to extend our range of services and geographical cover by bringing in small to medium sized, high quality specialist companies into the Group and support them to achieve further group expansion.
“DBK Partners Ltd is an attractive high quality operator that has demonstrated consistent growth over the years. It has huge potential to progress to the next level and we are delighted that we can provide the financial backing to enable it to do so.”
DBK was originally formed in 2005 following a management buy-out by Tim Downing, Duncan Berry and Steve Kelly.