Eldridge, Brightstar, Claure Group Announce Definitive Agreement to Acquire Ausenco

22 September 2023

Ausenco, a global provider of integrated engineering and consulting services for the minerals, metals, and energy transition sectors, has announced that Eldridge, Brightstar Capital Partners, and Claure Group have entered into a definitive agreement to acquire a majority stake in Ausenco from Resource Capital Fund VI L.P. and other co-investors. Ausenco's co-founder, Zimi Meka, will continue to serve as CEO, a member of the board, and an investor in the company. Additionally, Mike Burke, former Chairman and CEO of AECOM, has advised and partnered with Eldridge and the consortium of buyers and is expected to assume the role of Chairman of Ausenco's Board of Directors.

Established in 1991, Ausenco boasts a workforce of 3,000 employees who specialize in handling some of the world's most complex engineering and consulting projects. They leverage their deep technical knowledge and a commitment to sustainable practices to provide end-to-end solutions for their clients and the communities they serve.

Ausenco's multidisciplinary team of scientists, engineers, and professionals is responsible for designing and constructing efficient mining and metal extraction facilities, implementing sustainable solutions for mine waste and water management, as well as overseeing mine closure and remediation projects. They also engage with local and Indigenous communities to create lasting positive impacts.

"We've always been about challenging what's possible and delivering services sustainably and with integrity," commented Mr. Meka. "From permitting to closure, our people are finding better ways to plan projects, efficiently use resources, protect the environment, and deliver value to clients and communities. In Eldridge, Brightstar, and Claure Group, we have partners that understand this ambition and our culture."

Eldridge's co-founders Todd Boehly, Tony Minella, and Duncan Bagshaw expressed their enthusiasm for the partnership, stating, "We invest in what people need and what people want—both qualities expressed in Ausenco's activity over the past three decades. Ausenco has worked around the world to deliver minerals critical to nearly every aspect of our lives and to the ongoing energy transition. We are excited to partner with a world-class management team to further enhance and diversify their service offerings."

Andrew Weinberg, Founder and CEO of Brightstar Capital Partners, highlighted Ausenco's strategic position in the transition to sustainable energy, saying, "Ausenco plays a vital role in facilitating the global transition to electrification and electric vehicles. Brightstar is confident that Ausenco is strategically positioned for future growth due to its impressive track record of performance and the anticipated increased demand for metals and minerals that are essential to sustainable solutions."

Marcelo Claure, Founder and CEO of Claure Group, who will join Ausenco's Board of Directors, emphasized the importance of Latin America in the shift towards sustainable energy, particularly in the production of essential minerals like copper and lithium. He stated, "Given Ausenco's strong presence and pipeline of projects in the region, we believe the Company will be at the forefront of this transition, actively contributing to the electrification of the world."


Source: businesswire.com