Thomas & Coffey have approved Skilled Group’s proposed acquisition of its maintenance subsidiary ATIVO.
ATIVO provides maintenance and asset management services to the manufacturing, mining, heavy industry and the utilities sector in NSW and Queensland.
Mick McMahon, Skilled Group CEO, said “this acquisition will enhance ATIVO’s position in maintenance services and creates a unique and differentiated service provider with a strong national footprint, supported by a highly skilled and experienced workforce”.
It acquired the group for $33.5 million and will be funded through existing debt facilities.
The transaction is expected to be completed next month.