Tasman Power acquired by E&A Ltd

Overview

Deal closed: October 2014
Oasis M&A mandate: sell-side
Sectors: Engineering, Mining
Sub-sectors: Electrical maintenance

Background and motivation

Tasman Power WA provides electrical services including installations, upgrades, maintenance and labour hire for large scale projects throughout the Pilbara region in Western Australia.
The owners of Tasman Power approached Oasis M&A to explore the option of selling their Perth-based business in order to financially de-risk.

Challenges

Initial explorations revealed that the construction market was under-valuing the business.

Approach

In further explorations Oasis M&A approached motivated strategic acquirers in the electrical maintenance and engineering sectors who would value umbrella agreements with tier one mining clients. Positioning the opportunity as a way to access large mining clients proved the right incentive to secure an enticing deal with E&A Ltd. E&A Limited, a publicly listed investment company looking to grow into the mining sector.