Processing timeline
27
days
Acquirer(s)
SYMAL MANAGEMENT PTY LTD ABN - 85 602 084 471, SYL TM CONTRACTING PTY LTD ABN - 68 693 144 697, SYMAL NG PROPERTY PTY LTD ACN - 693 144 722, T OPERATIONS PTY LTD ABN - 57 691 920 242, T HAULAGE PTY LTD ABN - 53 691 920 224, SYMAL CONTRACTORS (QLD) PTY LTD ACN - 691 434 134
Target(s) or Vendor(s)
TIMMS HIRE PTY LTD ABN - 73 115 389 949, TIMMS CONTRACTING PTY LTD ABN - 30 070 456 567, Churinga (Investments) Pty Ltd as trustee for THE CHURINGA Trust ABN - 45 218 813 341, TEAGUN INVESTMENTS PTY. LTD ABN - 45 061 988 538, ADAWIN PTY LTD ABN - 49 010 904 551
Other parties
Timms Investments (Qld) Pty Ltd as trustee for the Timms Investments Trust ACN - 143 730 572, Jones Investments (Qld) Pty Ltd as trustee for the Jones Investments Trust ACN - 143 730 705, K Parsons Investments (Qld) Pty Ltd as trustee for the Parsons Investment Trust ACN - 143 731 524, Clarkson-Jones Investments (Qld) Pty Ltd as trustee for the Clarkson-Jones Investments Trust ACN - 143 730 956
Symal Group Limited, an Australian construction and engineering services contractor, will acquire the businesses and assets of Timms Group and L&D Group. This asset sale expands Symal Group's Queensland operations into plant-intensive civil works, hauling, demolition, bulk earthworks, and site preparation services.
Symal Group Limited (Symal Group), through its wholly owned subsidiaries, proposes to acquire all of the business and assets of: the Timms business from Timms Contracting Pty Ltd, Timms Hire Pty Ltd and Teagun Investments Pty Ltd (collectively referred to as Timms Group); and the L&D business from Churinga (Investments) Pty Ltd as trustee for the Churinga Trust and Adawin Pty Ltd (collectively referred to as L&D Group). As part of the transaction, Symal NG Property Pty Ltd may enter into a licence for the property located at 36 Frederick Street, Northgate, QLD 4013 (the Property), which is owned by Clarkson-Jones Investments (Qld) Pty Ltd, K Parsons Investments (Qld) Pty Ltd, Timms Investments (Qld) Pty Ltd and Jones Investments (Qld) Pty Ltd. Symal Group is an Australian based self-performing contractor providing construction and engineering services, specialising in the roads, rail, defence, justice, ports and energy sectors. The services provided by Symal Group include various forms of construction, project management, plant and equipment hire, material sales and recycling and repurposing. Timms Group is a Tier 2 contractor that provides plant-intensive civil works and hauling services for infrastructure and construction projects in Queensland. L&D Group is a Tier 1 contractor on infrastructure and construction projects in Queensland, including the provision of demolition, bulk earthworks, site preparation and construction services. Symal Group does not currently supply the services offered by Timms Group and L&D Group in Queensland.