PRESS RELEASE

Congratulations to Acrow Formwork and Construction Services Ltd

Congratulations to Acrow Formwork and Construction Services Ltd on their recent acquisition of Uni-span Australia Pty Ltd.

ASX-listed Acrow has been the leading scaffold and formwork product supply and hire provider to the Australian construction industry for over 80 years. The acquisition of Uni-span, privately owned with more than 40 years of experience in formwork, scaffolding and engineering, expands on Acrow’s geographical footprint and range of services, further cementing its leading position in the marketplace.

“We delivered an integrated service to Acrow – bringing together experts from across our firm for the financial and tax due diligence, as well as acting as the lead M&A advisor. Having a single point of contact streamlined the deal process for Acrow,” said Paul Gooley, National Head of Corporate Finance.

This most recent acquisition mirrors a trend we’re seeing in the construction space. With residential construction generally experiencing soft trading conditions, and State Governments still investing in city shaping infrastructure, we’re seeing companies diversify their offering and footprint through savvy acquisitions.

The combination of Acrow and Uni-span has already resulted in a substantial contract win for the company in North Queensland.