Final acquisition announced by RSK Group

Drilling Supplies & Hire Services Ltd is the latest company to be acquired by RSK Group, which the 12th and final acquisition for the group in the 2018/2019 financial year.
Final acquisition announced by RSK Group Final acquisition announced by RSK Group Final acquisition announced by RSK Group Final acquisition announced by RSK Group Final acquisition announced by RSK Group

Alan Ryder, founder and CEO of RSK Group has announced the company’s 12th acquisition

Duncan Moore

Editor

Duncan Moore

Drilling Supplies & Hire Services, which has previously supplied multiple companies across the RSK group, is a company of 13 people based in North East England that supplies installation and drilling consumables to the drilling industry nationwide, including rig tooling, drilling rigs and a variety of products. In addition to supply services, the company has an in-house engineering department that provides engineering solutions to meet a variety of client needs.

By joining forces, RSK will now be able to source site consumables and drill tooling in-house for its services in the UK and abroad. As part of RSK's contracting division under the direction of Claire Knighton, Drilling Supplies & Hire Services will remain a supply-only company and will not be involved in contractual or site work.

"RSK has already developed a close business relationship with Drilling Supplies & Hire Services and I am excited to develop this relationship further now that it is part of the RSK group," said RSK's founder and CEO, Alan Ryder. "RSK is gaining a fantastic business with which we see multiple synergies. Both companies will benefit from joining forces and the broadening of our in-house capabilities and the building on our strengths."

Phil Smith, Drilling Supplies & Hire Services managing director who will continue to lead the business, said: "Drilling Supplies & Hire Services has built up a great reputation for supply, delivery and quality since it was founded in 2007. Becoming part of a larger organisation with an integrated safety, health, environmental and quality management system will enable us to take the next step as a respected supplier of high-quality products to the ground investigation market and provide new opportunities for us all."

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