What's Happening?
RSK, an environmental services business, has acquired the strategy, economic, and policy (SEP) consultancy services arm of RSM UK. This acquisition merges the SEP arm with ERS, a provider of economic research
consultancy services that joined RSK in 2022. The newly formed entity will be rebranded as Fortia Insight, consisting of a team of around 52 economists, researchers, data analysts, evaluators, and policy experts. Fortia Insight will operate across the UK, Ireland, and beyond, delivering work for various UK government departments, devolved administrations, local authorities, and other public bodies. The acquisition aims to enhance RSK's consultancy services and support growth ambitions in new markets.
Why It's Important?
The acquisition of the SEP consultancy arm by RSK is significant as it strengthens RSK's position in the consultancy market, particularly in economic and policy advisory services. By merging with ERS, Fortia Insight can offer a comprehensive range of services, potentially attracting more clients from government and public sectors. This move could lead to increased competition in the consultancy industry, benefiting clients with more options and potentially better services. The expansion into new markets aligns with RSK's growth strategy, potentially leading to increased revenue and influence in the economic advisory sector.
What's Next?
Fortia Insight is expected to continue developing its business across new markets, leveraging the combined expertise of SEP and ERS. The focus will likely be on expanding client bases and enhancing service offerings to meet the needs of existing and new clients. Stakeholders such as government departments and public bodies may respond positively to the enhanced capabilities of Fortia Insight, potentially leading to more contracts and collaborations. The integration process will be crucial in ensuring a smooth transition and maximizing the benefits of the merger.
Beyond the Headlines
The merger of SEP and ERS under RSK could have long-term implications for the consultancy industry, potentially setting a precedent for similar acquisitions and mergers. The focus on economic and policy advisory services highlights the growing importance of data-driven decision-making in public policy and economic development. Ethical considerations may arise regarding the influence of private consultancy firms on public policy, necessitating transparency and accountability in their operations.
