The assets obtained were from Hendry Group's essential safety measures and building surveying divisions
Hall & Wilcox has guided McKenzie Group Consulting Pty Ltd (McKenzie Group) on the acquisition of certain assets from Hendry Group Pty Ltd.
These assets pertain to Hendry Group's essential safety measures and building surveying divisions. The transaction enables Bureau Veritas-backed McKenzie Group to expand its business into new geographic locations and market sectors while also securing the continued employment of a number of Hendry Group employees.
“Increased scrutiny and tightening in regulations in the building and construction sector in Australia has resulted in a growing need for building certification and conformity assessment services,” stated Andrew Mortimore, CEO of Bureau Veritas, Pacific Region in a press release. “As a result, building certification and building code compliance services are increasingly becoming critical services to enable and secure the growth expected in the building construction sector across Australia”.
McKenzie Group executive director Stephen Natill said that most of the client and industry partner relationships would not be affected during the transition period.
The Hall & Wilcox team was led by partner Nicole Tumiati, who received support from partners Scott Butler and David Catanese as well as lawyers Daniel Shizas and Brooke Lynskey. The team tackled the M&A, insolvency and employment law aspects of the deal.