Calendar of Events
|Cardno Acquires Marshall Miller & Associates|
|Wednesday, 01 August 2012 12:21|
International infrastructure and environment services group, Cardno Ltd., based in Brisbane, Australia, recently announced its plans to acquire Marshall Miller & Associates (MM&A), a mining and environmental consulting firm headquartered in Bluefield, Va. Around 10% of the $31 million deal is subject to performance targets over the next 12 months with an additional 9% of the purchase price deferred for 18 months.
MM&A brings to Cardno expertise in mining engineering, mine reserve evaluation, oil and gas exploration, feasibility studies, and due diligence services for mining and resource projects. Cardno Managing Director Andrew Buckley said the acquisition will provide Cardno with new expertise in resources, mining engineering, carbon credits and energy consulting across a number of key international markets.
“With the addition of MM&A, Cardno can now offer clients specialist services in greenhouse gas inventorying, carbon sequestration and carbon off-set credit verification. Examples of innovative projects include the U.S. DoE-sponsored carbon capture and sequestration project in Russell County, Va. These services are becoming increasingly critical to our clients in Australia and across various sectors globally,” Buckley said.
MM&A also complements Cardno’s expertise in environmental remediation to the private and public sectors. Buckley also noted that MM&A has worked on projects in 21 countries, including Australia, and there is substantial opportunity to expand MM&A’s services further into Australia and globally on the back of Cardno’s extensive international footprint.
In line with Cardno’s proven strategy, MM&A’s key management will become Cardno shareholders and will remain active in the company. MM&A will be renamed Cardno MM&A.