Downer has acquired specialist road and civil business The Roading Company.
The deal will see Downer purchasing the company’s plant and brand, along with welcoming all employees to transfer to the new business.
Based in Southland and Otago, New Zealand, The Roading Company was previously owned by Dave and Raewyn Wilson.
The Roading Company will continue to operate under its current brand.
The transaction is due to be complete in May.
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Downer Executive General Manager Craig West said the company was an excellent fit alongside Downer’s New Zealand South Island business.
“Downer has a long and proud history in the South Island that can be traced back more than a century,” West said.
“Today we are a leading provider of services to our customers in a range of markets including transport, construction, telecommunications and water. The Roading Company has been operating in Southland and Otago for 16 years and has a very experienced team with strong project and contract management expertise.”
“The Roading Company has a great reputation locally for working alongside clients to deliver road reconstruction and realignment, urban road upgrades, seal extensions, pavement stabilisation, land development, aggregate production and smaller projects like site works and driveways.”
Founder Dave Wilson said the decision was made to ensure The Roading Company could continue to grow into the future after changes in the procurement process for road construction.
“We’re confident that Downer will look after our highly skilled, loyal employees and continue to build the brand locally. The hard work of our quality and safety conscious team has made the company the success it is. We have developed good relationships with clients and we value the enormous support received from suppliers in the region.”