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Blockbuster electrical inspection company sold
A global firm has advised the largest independent electrical inspection company in Australia on its acquisition by an ASX-listed business.
Emma Musgrave
Firm: K&L Gates (TechSafe); Undisclosed (Service Stream Ltd)
Value: Undisclosed
Area: M&A
Key players: The legal team advising TechSafe was led by K&L Gates Melbourne corporate/M&A partner John Mann (pictured), with assistance from senior associate Malcolm Lum and lawyer Nicolas Lee.
Deal significance: TechSafe provides inspection, auditing and compliance services throughout Australia to electricity network owners, electricity industry regulators, government entities and electrical contractors.
According to a statement from K&L Gates, it is Australia’s largest independent electrical inspection company.
K&L Gates advised TechSafe on all legal aspects relating to the sale of 100 per cent of both TechSafe Australia Pty Ltd and TechSafe Management Pty Ltd shares to ASX-listed company Service Stream.
"We are pleased to have worked collaboratively with all corporate and legal advisers involved in the sale to achieve a result that will provide Service Stream with added revenue diversification and additional annuity-style revenue, and also recognised TechSafe's market leading position,” said Mr Mann.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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