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Global company absorbs Sydney’s Crown Project Services
Ashurst has advised global asset management and construction consultancy Currie & Brown on its acquisition of a Sydney-based project management and property advisory company.
Grace Ormsby
Firm: Ashurst (Currie & Brown)
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Deal: Ashurst has advised Currie & Brown on its acquisition of Sydney-based project management and property advisory company, Crown Project Services
Value: Undisclosed
Area: M&A
Key players: Corporate partner Stuart Dullard led the deal, with the aid of senior associate Matt Sparks and associate Ben Lyttle. Employment law advice was provided by partner Jennie Mansfield and associate Ed Carroll.
Deal significance: Currie & Brown is a global asset management and construction consultancy, according to a statement from Ashurst.
The firm also acknowledges Crown Project Services as a long-established Sydney-based project management and property advisory company.
According to the firm, “the acquisition of CPS strengthens Currie & Brown’s project management offering and doubles the size of its business in Australia.”
Currie & Brown’s group CEO Euan McEwan expressed his delight at the company’s joining of forces with Crown Project Services.
“This strengthens our project management offering and gives us a leading edge in the commercial, education, justice, healthcare, residential and government sectors,” he said.
“It doubles the size of our business in Australia and will allow us to service the growing social and economic infrastructure market on the East Coast.”
Ashurst’s corporate partner Stuart Dullard said the firm was “delighted to have acted for Currie & Brown on this significant acquisition.”
