Murphy Group has acquired a 40 per cent stake in a Sydney construction firm
Multinational construction company Murphy Group has announced that has acquired a 40 per cent stake in Australian business Abergeldie Complex Infrastructure.
Headquartered in Sydney, Abergeldie Complex Infrastructure was established in 1994 by Mick Boyle and his wife Robin Craig.
The business today employs over 800 staff working on projects across the utilities, road, rail and energy sectors.
Murphy Group says its acquisition will allow it to support Abergeldie on the next stage of its development, enhancing Abergeldie’s capability to deliver larger-scale infrastructure projects.
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The investment in Abergeldie, a 40% stake in the business, marks the latest step in Murphy’s expansion. Having originally focused on the UK and Ireland since the Group was founded in 1951, Murphy has diversified geographically into North America, delivering projects across both Canada and the United States. The Group established a presence in Canada in 2014 through a fully integrated joint venture with Surerus Pipeline Inc and expanded into the US with the acquisition of WHC Energy Services in 2023.
The transaction is expected to complete in May.
“Having expanded into North America in recent years, this investment marks the latest step in our plans to extend our geographical reach whilst remaining focused on our commitment to improving life by delivering world-class infrastructure,” Murphy Group CEO John Murphy says.
“I am delighted that we have been able to find a partner who shares so many of the same values as us.
“We 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, building on the great work they have done over the past 30 years.”