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NRW HOLDINGS TO ACQUIRE BGC CONTRACTING PTY LTD

Nov 28, 2019

NRW Holdings is pleased to announce that it has executed an agreement to acquire 100% of BGC Contracting Pty Ltd (BGC Contracting). BGC Contracting provides services to the resources, energy and infrastructure sectors across three core businesses: Mining, Construction and DIAB Engineering. The business is a strong strategic fit adding significant scale through an expanded service offering to a high-profile client base with a long track record of contract renewal and extension.

Jules Pemberton, CEO & Managing Director, said: “We are extremely pleased to announce the acquisition of BGC Contracting which is strongly aligned with our objective to pursue opportunities to further diversify our revenues and enhance shareholder returns.

BGC Contracting has a well-recognised and proud history built around the strong foundations set by the late Len Buckeridge. With an excellent track record supported by a diversified earnings base, extensive fleet and a long history with several high-profile clients, the acquisition is strategically and financially compelling and aligns with NRW’s objective to deliver growth across the business and drive NRW shareholder value.”

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