19th August 2015
Dow Schofield Watts Corporate Finance (“Dow Schofield Watts”) advised the shareholders of Cascade Consulting Holdings Limited (“Cascade”) on their sale to Ricardo PLC (“Ricardo”) for an undisclosed consideration.
Ricardo said the deal follows a successful collaboration between the company which started in February and will bring additional capacity and reach in its water resources and water quality management units.
Cascade provides environmental consultancy services to the UK water sector, focused on water resource management, catchment management, water quality, water treatment, flooding and coastal management, and environmental impact assessment.
“Cascade Consulting has an established market reputation and when combined together with Ricardo-AEA will enable the Ricardo business to start to deliver on its strategic growth objectives within the water sector both in the UK and internationally. I’m delighted to be able to welcome Cascade Consulting to the Ricardo Group,” said Chief Executive Dave Shemmans.
Kieran Conlan, CEO of Cascade Consulting, added: “Cascade Consulting has a 15 year history of growth serving the UK’s water industry and regulators. As climate change and population growth puts the spotlight on water supply and demand, Ricardo-AEA’s capabilities in adjacent topics, and in particular its international reach, will enable us to realize the full potential that our collaboration has identified. It is an exciting step for both our company and our employees.’
The deal team was led by Jon Schofield and Dave Graham, Directors of Dow Schofield Watts Corporate Finance. Dave Graham commented; “DSW has worked with the owners of Cascade over the last couple of years to create significant shareholder value. This transaction marks the start of a new chapter for all at Cascade. I have no doubt that the business will go from strength-to-strength under Ricardo’s ownership.”