Symal Group - 80% acquisition of Davison Earthmovers

Symal Group Limited (Symal Group) proposes to acquire 80% of the entity which will own the business, assets and related entities of J. Davison Nominees Pty Ltd, P&A Equipment Pty Ltd and Davison Contractors Pty Ltd (collectively referred to as Davison Earthmovers). The final transaction will be subject to the completion of a restructure of the Davison Earthmovers.

Symal Group will then acquire 80% of the shares in P&A Equipment, with the balance of the 20% (Option Shares) owned by one or more entities owned and controlled by Paul and Anna Davison (Davison Minority Shareholders). 

The Parties will agree to a put and call option arrangement in respect of Symal Group acquiring the Option Shares following completion of the initial acquisition. 

Symal Group is an Australian based self-performing contractor providing construction and engineering services, specialising in the roads, rail, defence, justice, ports and energy sectors. The services provided by Symal Group include various forms of construction, project management, plant and equipment hire, material sales and recycling and repurposing. 

Davison Earthmovers is a South Australian based civil contractor specialising in civil construction and infrastructure. Their capabilities span bulk earthworks, excavation and material movement, and roadwork and pavement construction, alongside project management and design-and-construct offerings. 

Symal Group provides its services across Australia, particularly Victoria and Queensland, while Davison Earthmovers’ supply of services is limited to South Australia.