Pell Frischmann and Desco join forces

Mon 8th Aug 2016 - 16:14

The award-winning engineering firm Desco is the first company to join Pell Frischmann under its ambitious new plans to build a group of market-leading engineering consultancy firms. 

Today’s news sees the mechanical and electrical specialist Desco become a wholly owned subsidiary of the multi-disciplinary engineering firm Pell Frischmann, itself owned by RAG Stiftung (Foundation) Investment Company of Germany.

Tushar Prabhu, Chief Executive of Pell Frischmann, said: “Pell Frischmann has a long-term strategy for dynamic growth through the acquisition of related and complementary consultancy engineering companies. Desco is a fast growing and innovative specialist in MEP engineering that fits Pell Frischmann well in terms of culture and ambition, and we are pleased welcome it into our team.”

Paul Marshall, Managing Director at Desco, said: “This marks a new and exciting phase for Desco as we accelerate our growth strategy with the backing of a major international investor and with Pell Frischmann’s expertise across the infrastructure and property sectors.”

Desco, which has offices in Sunderland, London, Croydon, Leeds, Qatar, and Manila, will keep its existing management board and structures in place.

This model is expected to be repeated as Pell Frischmann grows its group of businesses in the UK and overseas.

-ENDS-

Notes to editors

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Pell Frischmann
Pell Frischmann is a multi-disciplinary consulting engineering company formed in 1926 with projects across the world. Working across the transport, utility and property sectors, the firm is well known for its technologically enabled, commercially aware and client focused service. Among its numerous awards, Pell Frischmann is proud to include the Queen’s Award for Enterprise, which has been secured from 2015 to 2020 for international excellence.

Desco
Desco is a UK-based mechanical and electrical engineering consultancy, with an established UK-wide client base and a growing project portfolio in the Middle East. Operating primarily in the construction industry, Desco provides services across various sectors including commercial, education, health, leisure and sport, manufacturing, process and retail. The firm was established in 1998 with a staff of five and has steadily grown organically ever since. The business now employs approximately 120 people across its offices in Sunderland, Leeds, London, Croydon, Doha and Manila.

RAG-Stiftung Investment Company
RAG-Stiftung Investment Company was established in 2014 as part of the RAG-Stiftung (Foundation) as a long-term investment partner for leading medium-sized enterprises with international experience and strong positioning in rapidly growing niche markets. RAG-Stiftung was founded in 2007 to ensure that subsidised coal mining can be discontinued in a socially acceptable manner by the end of 2018. From 2019, RAG-Stiftung will finance all on-going coal mine management obligations within western Germany.