TUV SUD NEL Limited…engineers a good deal

RSM's corporate finance team has successfully advised TUV SUD NEL (TSNL), the UK subsidiary of the Munich based TUV SUD Group, on its acquisition of Wallace Whittle Holdings Limited (WWHL), a leading building services engineering and sustainability consultancy, based in Glasgow.

What RSM did

RSM began working with TSNL in mid 2010 to identify potential acquisition candidates to expand the scale of the TSNL business in the UK.  The on-going acquisition search identified a number of interesting opportunities, one of which was WWHL.  As a potential deal progressed RSM provided further assistance to TSNL including financial due diligence, corporate finance and taxation advisory services to complement and supplement those provided by the TUV SUD Group’s M&A team from Munich.


'RSM worked closely with us over a number of months getting to know our UK and international business and also listening to the requirements of colleagues in Germany alongside our own in the UK regarding our plans to grow in the UK.  The approach we took with them was to be pro active and target companies we consider will add value – they have certainly delivered this and have expertly managed the various parties to enable us to agree this deal in a relatively short space of time.  Thanks to the RSM team for the hard work, dedication and commercial attitude to developing relationships now and for the future.'

Michael Valente, Managing Director, William McKnight, Finance Director

Transaction team

Ewan Grant, Partner

Stuart McCallum, Director

Adam Cullen, Associate Director

Charles Williams, Manager