RCR sells off Energy Services business

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RCR Tomlinson Group has sold off part of its broader Energy business.

The Environmental Group Limited has signed an agreement to purchase RCR’s Energy Services business and is expected to complete the sale early 2019.

McGrathNicol Partner, Jason Ireland, said, “This transaction maintains continuity for many RCR customers and suppliers, and preserves the entitlements and jobs of over 50 employees. It is an excellent outcome for those stakeholders.

With the assistance of Record Point, the Administrators continue to work with a number of parties interested in the remaining RCR businesses. The Administrators remain confident of achieving further sales in the near term.

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