M&A Deal Summary

CPB Contractors Acquires Leighton Contractors

On January 1, 2016, CPB Contractors acquired construction company Leighton Contractors from Apollo Global Management and CIMIC

Acquisition Highlights
  • This is CPB Contractors’ 1st transaction in the Construction sector.
  • This is CPB Contractors’ 2nd transaction in Australia.

M&A Deal Summary

Date 2016-01-01
Target Leighton Contractors
Sector Construction
Buyer(s) CPB Contractors
Sellers(s) Apollo Global Management
CIMIC
Deal Type Merger

Target

Leighton Contractors

Chatswood, Australia
Leighton Contractors is a construction company and undertakes infrastructure projects. Leighton Contractors was founded in 1949 and is based in Chatswood, Australia.

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Buyer(S) 1

Buyer

CPB Contractors

North Sydney, Australia

Category Company
Sector Construction
DESCRIPTION

CPB Contractors is a construction company in Australia. CPB Contractors work across all key sectors of the construction industry, including roads, rail, tunnelling, defence, building and resources infrastructure. CPB Contractors is based in North Sydney, Australia.


DEAL STATS #
Overall 2 of 2
Sector: Construction M&A 1 of 1
Type: Merger M&A Deals 2 of 2
Country: Australia M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Thiess-Civil engineering business

South Bank, Australia

Thiess-Civil engineering business provides engineering services in Australia. Thiess-Civil engineering business is based in South Bank, Australia.

Buy -

Seller(S) 2

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 21 of 77
Sector: Construction M&A 1 of 1
Type: Merger M&A Deals 1 of 8
Country: Australia M&A 1 of 2
Year: 2016 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-12 RegionalCare Hospital Partners

Brentwood, Tennessee, United States

RegionalCare Hospital Partners is an owner and operator of regional acute care facilities. RegionalCare Hospital Partners is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-08 University of Phoenix

Phoenix, Arizona, United States

University of Phoenix is an educational institution that offers undergraduate, graduate, and doctoral programs. The University of Phoenix commits to provide working adults with higher education at times convenient to them. University of Phoenix was founded in 1976 and is based in Phoenix, Arizona.

Buy USD1.1B
SELLER

CIMIC

North Sydney, Australia

Category Company
Founded 1899
Sector Construction
Employees24,381
Revenue 9.7B AUD (2021)
DESCRIPTION

CIMIC provide construction, mining and operation and maintenance services to the infrastructure, resources and property markets. CIMIC was founded in 1899 and is based in North Sydney, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Leighton Contractors

Chatswood, Australia

Leighton Contractors is a construction company and undertakes infrastructure projects. Leighton Contractors was founded in 1949 and is based in Chatswood, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-10 UGL

North Sydney, Australia

UGL is a provider of engineering, construction and maintenance services for rail, infrastructure and resources projects in Australia, New Zealand, and Southeast Asia. UGL was formed in 1970 and is based in North Sydney, Australia.

Buy AU$524M