Aussie firms advise on Texas company’s acquisition of Aquenta

The acquisition is the latest in what many expect to be a strong year for M&A

Aussie firms advise on Texas company’s acquisition of Aquenta
Clarendon Lawyers, Fried Frank and Baker McKenzie have advised on the acquisition of Australian firm Aquenta Consulting by Texas-headquartered firm Jacobs Engineering Group for an undisclosed sum.

Clarendon Lawyers and Fried Frank advised Jacobs Engineering, formerly known as Currie & Brown. Meanwhile, Baker McKenzie advised Amec Foster Wheeler, which has owned the Australian integrated project services firm since 2010. The Clarendons team was led by managing director Tony Symons, who was assisted by senior associates Billy Dwyer and Sarah Noble.

For more than 60 years, Aquenta has been involved in multi-billion dollar projects in multiple market segments which have been carried out across Australia, New Zealand, the Middle East and Europe. The company specialises in cost management, project planning and controls, project and risk management, contract, commercial and dispute services, and asset and facilities management. The 220-person Aquenta business will be integrated into Jacobs’ larger Asia Pacific buildings and infrastructure business.

According to Jacobs, the joint business is particularly relevant to the “buoyant” Australian transport infrastructure market. The firm currently works with clients such as Transport for New South Wales and Public Transport Victoria. The acquisition will also provide immediate growth opportunities in New Zealand and the Middle East, Jacobs said.

Some top firms are bullish on Australia markets this year. Recently, Herbert Smith Freehills told Australasian Lawyer that it sees “strong” activity in the mergers and acquisitions space in 2017. Particularly, the technology, media and telecommunications (TMT) sector is poised to significantly grow, said Tony Joyner, lead partner of HSF’s global TMT group.

Meanwhile, Baker McKenzie’s head of capital markets recently told Australasian Lawyer that Australia’s economic outlook remains “positive” despite a slight slowdown at the end of 2016 due to political uncertainty in several markets.

Related stories:
Top law firm bullish on surging TMT sector
Firm bullish on 2017 M&A activity as it tops three different league tables

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Allens assists on $1.4bn capital raising applying ASX temporary class waiver

Hall & Wilcox plays major role in assets acquisition by fintech investor

CEO and managing partner parts ways with DWF

Authenticity and trustworthiness are critical to professional success, says G+T partner

Global healthcare company receives $1.2bn equity boost with HSF’s help

US bar comments on nationwide protests after George Floyd death

Most Read Articles

Lander & Rogers beefs up technology and digital practice with new partner

Baker McKenzie’s IPTech team gets an upgrade with new partner

Authenticity and trustworthiness are critical to professional success, says G+T partner

Gadens helps e-sports guru get in the game on $4.2m sale