Australian acquisition: Skilled Groups buy Broadsword
19 June 2013
Marine services provider Broadsword Marine Contractors has been acquired by Australian recruitment firm Skilled Group for a deal worth a total of $75.5m.
Wed, 19 Jun 2013Marine services provider Broadsword Marine Contractors has been acquired by Australian recruitment firm Skilled Group for a deal worth a total of $75.5m.
Based in Northern Territory, Broadsword’s offerings include oil & gas construction support, crew transfer, marine logistics and coastal towage, amonst others.
Skilled chief executive officer Mick McMahon says the deal “extends our capability, geographical reach and exposure to oil and gas, while enabling an extension of service to our clients”.
Broadsword founder Grant Farris will continue to manage the business. The deal should be formally completed next month.
Based in Northern Territory, Broadsword’s offerings include oil & gas construction support, crew transfer, marine logistics and coastal towage, amonst others.
Skilled chief executive officer Mick McMahon says the deal “extends our capability, geographical reach and exposure to oil and gas, while enabling an extension of service to our clients”.
Broadsword founder Grant Farris will continue to manage the business. The deal should be formally completed next month.
- Click for more oil and gas recruitment news from Recruiter/recruiter.co.uk, including our recent Sector Focus from the June edition of the magazine.
