Congratulation to Austal

Found in: Blog

Austal is building on its growing global support business by entering into an agreement to acquire the Australian-based BSE Maritime Solutions Group. The acquisition of the business is at an enterprise value of A$27.5 million.

BSE Maritime Solutions is a leading ship repair and support business for defence and commercial vessel customers, operating in Cairns and Brisbane, Queensland.

BSE Maritime Solutions employs approximately 60 permanent staff who will be offered employment with Austal.

Austal CEO David Singleton said “BSE Maritime Solutions is a quality business and its acquisition aligns with our stated strategy of growing our support division, adding further scale to our operations on the east coast of Australia in addition to our existing support services at Henderson, Cairns, and Darwin.

“In particular, the acquisition provides Austal with dockyard and ship lift capability in the northeast region of Australia – including the Pacific’s largest mobile boat hoist, capable of moving 1120 tonnes – supporting our existing and future customers and reinforcing our commitment to grow in the region.”
 
Congratulations Austal on reaching agreement to acquire BSE Maritime Solutions. We've been delighted to support you in this transaction and thank you for the opportunity.
 

ABOUT GRONDAL BRUINING

Grondal Bruining is a commercial law and litigation firm committed to providing the highest quality legal services. We focus on power & utilities, oil & gas, resources and other commercial and industrial areas. 

Our team is renowned for providing outstanding benefits to clients, delivering proactive and professional advice. Grondal Bruining lawyers have been widely recognised as leaders in their fields by external ratings directories. 

Don’t hesitate to contact Grondal Bruining if you need advice. 

Gary Thomas 

 Managing Principal - Grondal Bruining

Phone: +61 8 6500 4375 | Mobile: +61 414 858 584

Email: gary.thomas@grondalbruining.com.au