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Eco Logical sells shares to specialist consultancy firm
Two firms have advised on a transaction, which saw the board of Eco Logical Australia sell its shares in the company to a specialist consultancy firm.
Emma Musgrave
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Firms: DibbsBarker (Eco Logical Australia); Thomson Geer (Coffey Services Australia)
Deal: The board of Eco Logical Australia has sold its shares to Coffey Services Australia.
Value: Undisclosed
Area: Corporate and commercial
Key players: The legal team advising Eco Logical Australia was led by corporate and commercial partner Lis Boyce (pictured), with assistance from associate Cil van der Merwe.
Deal significance: Eco Logical Australia is a multidisciplinary environmental consultancy. It provides innovative, high-quality professional services to clients across property, resources, government and infrastructure.
Meanwhile, Coffey is a specialist consulting firm servicing transport and property infrastructure, energy and resources, and international development. It is a subsidiary of NASDAQ-listed Tetra Tech.
DibbsBarker corporate and commercial partner said the sale of Eco Logical to Coffey Services Australia provided a return for Eco Logical Australia’s shareholders and expanded opportunities for the company’s specialist staff.
The sale was completed on 31 January 2017.
Commenting on the transaction, Eco Logical Australia CEO and co-founder Andrew Morison said, “There is a strong strategic alignment of our two firms with the opportunity to offer an expanded range of services to our combined client base.”
“Realising the opportunity of a trade sale has been a journey into unfamiliar territory for most of our board, our 40-employee shareholders and our whole organisation,” he added.
“We are grateful for the invaluable support that we've received from the DibbsBarker team, who expertly guided us through each stage of the acquisition process.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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