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Canadian company acquires 80% of Australian aluminum manufacturer
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Canadian company acquires 80% of Australian aluminum manufacturer

Telwater factory

NASDAQ and TSX-listed company BRP Inc has been advised on its acquisition of four-fifths of Telwater Pty Ltd.

Firm: Baker McKenzie (BRP Inc); Unknown (Telwater Pty Ltd).

Deal: BRP has acquired 80 per cent of Telwater, an Australian manufacturer of aluminum boats and trailers.

The transaction is subject to customary closing conditions, Bakers said, including regulatory approval and is expected to complete at the end of June 2019.

Value: Undisclosed

Area: M&A

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Key players: The Bakers team was led by partner Andrea Kennedy, who was supported by partner Georgina Foster and associates Sam Mossman and Stephanie Szkilnik.

Deal significance: Ms Kennedy said: “We are delighted to have worked with BRP on this transaction, which is part of the group’s strategy to transform the marine industry and further its goal of becoming a leading global marine company by investing in the current leader in this region.”

“BRP already had a strong existing relationship with Telwater and this represented a great opportunity to reinforce its presence in Australia.”

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is a senior writer for Lawyers Weekly and Wellness Daily at Momentum Media.

Jerome is an admitted solicitor in New South Wales and, prior to joining the team in early 2018, he worked in both commercial and governmental legal roles and has worked as a public speaker and consultant to law firms, universities and high schools across the country and internationally. He is also the author of The Wellness Doctrines self-help book series and is an adjunct lecturer at the University of Western Australia.

Jerome graduated from the University of Technology, Sydney with a Bachelor of Laws and Bachelor of Arts in Communication (Social Inquiry).

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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