The deal involved multiple assets and property sale agreements, the lead partner says
Squire Patton Boggs has played a key role in the return of an iconic Western Australian business to local ownership.
The global firm advised the consortium that has agreed to acquire the Midlands Brick business from Boral. The consortium was formed by Linc Property, Birchmead, and Fini Group. The group also bought nearly 800 hectares of landholdings as part of the deal.
With the $86m deal, Boral has effectively exited the brick-making industry in Australia. The building products group was counselled by Herbert Smith Freehills.
Tony Chong, corporate partner and Perth managing partner, explained why the deal was complex.
“This deal involved multiple assets and property sale agreements, along with multiple environmental approvals and licenses. It required a truly collaborative team effort to get this over the line,” he said.
Squire Patton Boggs said that partners Mark Palermo and Margie Tannock, who worked on property and approvals; Bruno Di Girolami, who advised on labour and employment matters; and of counsel Fiona Ellett, senior associate Charlotte Osborne, and associate Blair Strickland all played significant roles in the transaction.