M&A Deal Summary

Ventia Services Acquires Broadspectrum Pty

On December 23, 2019, Ventia Services acquired business services company Broadspectrum Pty from Ferrovial SA for 485M AUD

Acquisition Highlights
  • This is Ventia Services’ 1st transaction in the Business Services sector.
  • This is Ventia Services’ 0th largest (disclosed) transaction.
  • This is Ventia Services’ 1st transaction in Australia.

M&A Deal Summary
Date 2019-12-23
Target Broadspectrum Pty
Sector Business Services
Buyer(s) Ventia Services
Sellers(s) Ferrovial SA
Deal Type Divestiture
Deal Value 485M AUD

Target

Broadspectrum Pty

North Sydney, Australia
website
Broadspectrum Pty Ltd. is a provider of essential services to critical community assets and infrastructure. The company's approach integrates a focus on optimizing performance, integrity, and output of clients’ businesses and assets to deliver real business outcomes safely and responsibly, with a diverse, collaborative and caring workforce. Broadspectrum was formed in 2001 and is based in North Sydney, Australia.

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Buyer(S) 1

Buyer

Ventia Services

North Sydney, Australia

website

Category Company
Founded 2015
Sector Infrastructure
Employees15,000
Revenue 4.6B AUD (2021)
DESCRIPTION

Ventia Services is a provider of infrastructure services in Australia and New Zealand. The company provides long-term operation, maintenance, and management of critical public and private assets and infrastructure across telecommunications, transport, local government, water, power generation, electricity, gas, healthcare, education, resources, and defense industries. Ventia Services was founded in 2015 and is based in North Sydney, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 APP

Sydney, Australia

APP is an integrated infrastructure and property consultancy that offers services across all phases of the capital investment lifecycle - strategy, definition, delivery, and transition - to both government and private clients on major infrastructure and property projects across the defense, health, education, retail, transport, utilities, and industrials sectors. APP was established in 1989 and is based in Sydney.

Sell -

Seller(S) 1

SELLER

Ferrovial SA

Madrid, Spain

website

Category Company
Founded 1952
Sector Construction
DESCRIPTION

Grupo Ferrovial, S.A. operates as a construction company in Spain.

DEAL STATS #
Overall 3 of 5
Sector (Business Services) 2 of 2
Type (Divestiture) 3 of 5
Country (Australia) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Broadspectrum Pty

North Sydney, Australia

Broadspectrum Pty Ltd. is a provider of essential services to critical community assets and infrastructure. The company's approach integrates a focus on optimizing performance, integrity, and output of clients’ businesses and assets to deliver real business outcomes safely and responsibly, with a diverse, collaborative and caring workforce. Broadspectrum was formed in 2001 and is based in North Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Timec Oil & Gas

Pasadena, Texas, United States

Timec Oil & Gas provides the full spectrum of mechanical, specialty welding, high-temperature repair, and inspection (HRI), and upstream oil-field services through nested maintenance, turnaround, or construction services. Timec Oil & Gas was founded in 1971 and is based in Pasadena, Texas.

Sell -
Mergr

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