Baker Tilly corporate finance has advised Confined Space Training Services Limited (CSTS) on their acquisition by Arco Limited. CSTS provides specialist on-site support and rescue for those entering confined spaces and similar hazardous environments. The business supports some of Europe's largest companies and organisations including London Underground and the Ministry of Defence, and has specialist training facilities in Warrington, Enfield and Crawley.
Hull-based Arco is the UK’s leading safety company, which distributes products, training and expert advice, and was accredited ‘One to Watch’ status in the Best Companies Times Top 100 Survey. The business has sales of over £268m and employs approximately 1,600 people. The deal will allow Arco to further expand its training and consultancy offer, enhancing their confined space proposition to include training, consultancy, rescue, equipment sale and hire and maintenance.
Baker Tilly Corporate Finance Partner John Gillibrand and Rikesh Patel advised CSTS on the deal. John Gillibrand said:
'We were delighted to advise CSTS on a deal that will be of significant benefit to both businesses and their customers. Both firms have an excellent reputation within their field, and this deal will allow them to expand their services and build on each other’s experience to make them a stronger player within the health and safety sector.'
Gordon Lyon Managing Director of CSTS Ltd said:
'Being part of the Arco family means that our customers can now benefit from having access to Arco’s complete range of workplace safety products and services and we look forward to working with Arco’s customers to deliver our training services and expertise in critical areas of health and safety. We’re very grateful to Baker Tilly for their advice and guidance throughout every aspect of this deal.'