Keller Group completes C$320 million acquisition of Piling Division from North American Energy Partners

Date Closed: 07/12/2013

Value: C$320 million

Keller Group Plc (Keller), an LSE-listed FTSE 250 company and international ground engineering specialist, completed its acquisition of North American Energy Partners Ltd.’s (North American) piling division, for total cash consideration of $320 million, comprised of $227.5 million paid on closing and up to a further $92.5 million in deferred cash consideration contingent on the piling division’s financial performance in the three years following closing. The piling division employs approximately 400 staff and provides ground engineering and construction services across Canada, including in the Alberta oil sands region.

North American was advised by BLG, with a team led by Gordon Raman, and including Habeeb Syed, Adrian Liu, Katherine Schuck (M&A/corporate), Robert Russell, Denes Rothschild, Zirjan Derwa  (competition), Steve Suarez, Janet Kasun (tax), Laurie Robson (employment), Rick Coburn (environmental), Brennan Carroll (real estate) and Eric Boehm (intellectual property).