RWK Goodman Advises Shareholders of 3DEC on Strategic Sale to Ethos Engineering
RWK Goodman has advised the shareholders of 3DEC Limited, a UK-based specialist IT consultancy on its acquisition by Ethos Engineering, an EMEA engineering consultancy business headquartered in Dublin, Ireland.
3DEC is a UK-based technology design consultancy, providing services to data centres, commercial workplaces and educational environments. The business specialises in ICT, audiovisual, BIM-led design, and project management services.
Ethos Engineering is an engineering consultancy and one of Europe’s leading specialists in mechanical, electrical and sustainability-led design for complex buildings. Ethos is backed by Exponent, a private equity firm focused on backing founder-led and management-owned businesses.
Ethos’s growth has been accelerated through strategic investment by Exponent, backing its expansion of its services, geographic reach, and technical capabilities. The acquisition of 3DEC brings specialist expertise in-house, enhancing Ethos’s offering and supporting the acceleration of project delivery.
RWK Goodman advised on the English law aspects of the transaction. The firm’s team was led by corporate partners John North and Bharti Moore, with support from partner Iain Butler, solicitor Kayleigh Tang and employment specialist David Israel.
John North, partner at RWK Goodman, commented: “This was an important transaction for the founder shareholders, and we were pleased to support them through a successful sale process. The deal reflects the continued demand for high-quality expertise in the data centre and mission-critical sector which 3DEC specialises in and positions the business well for its next phase of growth as part of Ethos Engineering group.
“The transaction further demonstrates RWK Goodman’s experience in advising shareholders and management teams on complex domestic and cross-border M&A transactions, particularly within the technology sector”.
Parisi Tax LLP advised the shareholders on the tax aspects of the transaction, while Reddy Charlton advised the shareholders on the Irish law elements. A&L Goodbody LLP acted for Ethos Engineering.
Dylan Lewis, founder and Managing Director of 3DEC, commented: “This marks an important milestone for 3DEC and recognises the strength of the business and our people. Ethos Engineering is a strong strategic fit and provides a solid platform for an exciting next phase of growth, while ensuring continuity for our clients and team.
“RWK Goodman along with Parisi Tax provided clear, practical advice throughout the process and were trusted partners in supporting us through the transaction.”
