{"id":519852,"date":"2025-05-06T07:17:28","date_gmt":"2025-05-06T06:17:28","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=519852"},"modified":"2025-05-06T13:03:08","modified_gmt":"2025-05-06T12:03:08","slug":"murphy-acquires-40-stake-in-australian-contractor","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/financial\/ma\/murphy-acquires-40-stake-in-australian-contractor-06-05-2025\/","title":{"rendered":"Murphy acquires 40% stake in Australian contractor"},"content":{"rendered":"
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This story was written with AI assistance from Harmsworth
\nWho is Harmsworth?<\/a><\/p>\n<\/div>\n

Murphy has taken a 40 per cent stake in Abergeldie Complex Infrastructure as part of a strategic partnership with the Sydney-headquartered contractor.<\/p>\n

The deal marks Murphy\u2019s first investment in the Australasian market and continues its international expansion following moves into Canada and the United States over the past decade.<\/p>\n

Completion is expected in May.<\/p>\n

Abergeldie was founded in 1994 by Mick Boyle and Robin Craig. It now employs more than 800 staff across Australia and New Zealand and reported record results in 2024.<\/p>\n

The company delivers infrastructure across the utilities, road, rail and energy sectors.<\/p>\n

The partnership aims to support Abergeldie\u2019s growth into larger infrastructure projects. Both firms share a heritage as family-owned businesses and cite common values around respect, integrity, trust and accountability.<\/p>\n

Murphy was founded in 1951 and focused initially on the UK and Ireland.<\/p>\n

It entered Canada in 2014 through a joint venture with Surerus Pipeline Inc and expanded into the US in 2023 by acquiring WHC Energy Services.<\/p>\n

Murphy group chief executive John Murphy said: \u201cWe are very positive on the outlook for the Australian market and I am looking forward to working with the Abergeldie team to help them deliver on the next exciting stage of their growth plans.\u201d<\/p>\n

The value of the investment was not disclosed.<\/p>\n

Source: Murphy press release<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This story was written with AI assistance from Harmsworth Who is Harmsworth? Murphy has taken a 40 per cent stake in Abergeldie Complex Infrastructure as part of a strategic partnership with the Sydney-headquartered contractor. The deal marks Murphy\u2019s first investment in the Australasian market and continues its international expansion following moves into Canada and the …<\/p>\n","protected":false},"author":129711,"featured_media":500637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false},"categories":[549,553],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n