Gilbert + Tobin has advised on the Australian aspects of Chicago Bridge & Iron Company’s (CB&I) acquisition of Petrofac’s Asset Solutions business. The Assets Solutions business is a leading provider of operations, maintenance and decommissioning services for energy facilities. The acquisition supports CB&I’s diversification into integrated services, expands customer relationships and creates opportunities for growth in international markets.T
he deal required coordination across multiple jurisdictions around the world including Europe, the United Kingdom, Asia and Australia. Haynes Boone led the transaction, working closely with G+T to deliver the Australian workstream within tight timeframes.
G+T was engaged for its expertise in Australian energy regulation and complex, cross-border transactions. The team advised on regulatory approvals, reviewed key licences and permits, and supported due diligence across environmental, health and safety, and compliance matters.
The G+T team was led by Robert Trowbridge, supported by Clare Pope and Anna Schwartz.
Robert commented:
Cross-border energy transactions are becoming more complex, particularly where assets operate across multiple regulatory regimes. We focused on delivering clear, practical advice on the Australian regulatory landscape to support a coordinated global execution.
The Haynes Boone team was led by partners Andreas Dracoulis and Tom Ferns, who said:
This was a complex, multi-jurisdictional transaction and close coordination across advisers was critical. Gilbert + Tobin’s support on the Australian aspects helped keep the process on track and achieve a successful outcome.
