Abergeldie Complex Infrastructure (Abergeldie), one of Australia’s largest, locally owned civil engineering contractors, today announced it has entered into a sale and purchase agreement to acquire DKM Utility Services.
Combined the businesses will have the capacity and capability to provide end to end rehabilitation and replacement services across water, wastewater, and stormwater utility assets, augmenting Abergeldie’s position as a leading provider of rehabilitation services in Australia.
Together with DKM Utility Services, Abergeldie will provide a comprehensive suite of services capabilities and technologies to clients, including installation and removal of water main infrastructure, pipe cracking, removal and disposal of asbestos pipes, directional drilling, lift and relay, Ex PVC Fold and Form pipe lining, spiral wound pipe lining, structural patches, dead-end lining, junction sealing, GRP pipe jacking, cured in place manhole, manhole and pit rehabilitation and hydro excavations.
Abergeldie CEO, Mark Bruzzone said “The acquisition brings together two highly complementary business, both with a long history in delivering and maintaining water and wastewater infrastructure for water authorities. As one company, we will strengthen our water business in Victoria, accelerate growth and provide clients with greater value through expanded capability and service capacity.”
DKM Utility Services General Manager Ray Bugeja said “We are excited by the opportunities that this acquisition will provide for both our clients and our people. For clients, it will allow us to continue serving them as well as provide an opportunity to expand our service capability. For our people, it offers great opportunities for growth and progression. Both companies are aligned in culture and approach, with delivery reliability being a key focus as we move forward together.”
Abergeldie already has a strong presence in Victoria, servicing Melbourne Water’s Major Capital Deliver program for design, construction, and rehabilitation services through a joint venture partnership with Downer and Stantec. Abergeldie is also working with Yarra Valley Water to ensure the reliability of wastewater in Melbourne through the ongoing Sewer Mains Renewal Program.
As Abergeldie DKM, we will continue to service the clients of DKM Utility Services with its people, assets, systems, and processes supported by Abergeldie. The transaction is expected to be completed by 30 August 2022.
Abergeldie DKM. Better together to service the needs of Victorian water authorities.
Abergeldie is a civil engineering contractor with over 25 years’ experience providing services in the utilities, energy and infrastructure sectors: the complex infrastructure needed to build better communities.