MURPHY’S LAW PREVAILS IN PIPE AND CIVIL ACQUISITION

Written on the 22 March 2011

MURPHY’S LAW PREVAILS IN PIPE AND CIVIL ACQUISITION

UK CONSTRUCTION giant Murphy Pipelines has acquired a 50 per cent stake in Brisbane company Pipe and Civil Constructions for an undisclosed sum.

The merger will allow the new company Murphy Pipe and Civil to capitalise on market expansion as it targets large scale pipeline projects in Australia.

Australia is facing a strong demand for resources-based construction and major infrastructure with the pipeline industry undergoing a multi-billion dollar expansion with the development of the coal seam gas projects.

Projects manager Tony O’Sullivan says the investment in Pipe and Civil was an important step in penetrating the Australian market.

“This fits with our international expansion of the construction business to continue to drive long term growth,” he says.

“Pipe and Civil’s good track record, along with their sound financial systems was what attracted us most.”

Pipe and Civil director Brenton Euler says that over the past four years, the company has grown from strength to strength and the merger supported its strategy for growth.

“This exciting partnership will allow both companies to leverage their respective strengths and work towards greater presence in a wider range of market sectors,”
he says.

Pipe and Civil was recently awarded a $100 million per year contract by QGC to build an upstream gathering system for its mining projects. It is also working on a $100 million contract in mining services construction in WA and on the Gateway Motorway upgrade.


Latest News

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for f...

MANTRA BOASTS OF SUCCESSFUL HOTEL INTEGRATION AS NET PROFIT GROWS 15 PER CENT

MANTRA Group (ASX:MTR) CEO Bob East has praised the performance of the company's new Honolulu Hotel as it posted ...

WHITEHAVEN TRIPLES EARNINGS, PAYS DOWN DEBT AFTER COAL PRICE TURNAROUND

THE HIGH coal price has allowed Whitehaven Coal to triple earnings and pay down a large portion of its debt in the fi...

BABY BUNTING BUOYED BY CLICKS AND BRICKS PERFORMANCE

BABY Bunting has grown sales 18.1 per cent to $135.1 million in the first half of FY17, sweetened by the opening o...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter