Hamilton Locke is pleased to have advised Maas Group Holdings Limited (via its subsidiaries) (Maas) on the successful completion of a transaction involving two asphalt businesses with COLAS Australia Group Pty Ltd (COLAS).
Maas acquired COLAS’s hot-mix asphalt business in Tomago, New South Wales by way of an asset purchase and entered into a strategic 50/50 joint venture with COLAS which will own and operate a hot-mix asphalt business in Caloundra, Queensland.
Hamilton Locke assisted on all legal aspects of the transaction including due diligence, transaction documents for the acquisition and joint venture, and negotiating a full suite of ancillary contracts across its corporate, real estate and competition practice groups. Commenting on the transaction, Partner Gaynor Tracey said: “We are delighted to have assisted longstanding client Maas with this strategic acquisition, that expands on its asphalt business. We look forward to partnering with Maas as they execute on further opportunities.”
The Hamilton Locke team was led by Partner Gaynor Tracey with assistance from Consultant Gonzalo Castro, Senior Associate Jack Crawford and Lawyer Zane O’Neill. Further specialist assistance was provided by Partners Sarah Roettgers and Alistair Newton, and Senior Associate Matthew Butchard.
