Press Releases

• CLOUGH ACQUIRES J.J. WHITE INCORPORATED, EXPANDING ITS ENGINEERING, PROCUREMENT AND CONSTRUCTION SERVICES ACROSS THE USA

  Johannesburg, 12 October 2021 – Murray & Roberts is pleased to announce the acquisition of J.J. White Incorporated (“JJ White”) by Clough North America Holding, Inc. (“Clough”), a wholly owned subsidiary of Murray & Roberts Limited. The maximum total consideration payable in terms of the transaction is US$28,25 million and the Group will fund the acquisition utilizing its existing cash resources.

   

  JJ White, founded in 1920, is a private, fourth-generation multi-trade engineering and contracting business, headquartered in Philadelphia, Pennsylvania, United States. JJ White specializes in industrial maintenance and related construction services that covers a full range of mechanical and electrical disciplines.

   

  Henry Laas, Murray & Roberts Group Chief Executive, comments: “The acquisition is part of the Group’s strategy to diversify and expand the service offering of its Energy, Resources & Infrastructure business platform in North America, similar to its recent market sector diversification in the Asia-Pacific region, which has seen significant order book growth over the past three years. This investment presents strong growth potential and opportunity for market share expansion and is expected to provide good returns.”

   

  Peter Bennett, Energy, Resources & Infrastructure business platform CEO, comments: “JJ White is a well-known industry contractor with an impressive and proven track record. The acquisition builds an immediate, robust entry into new territories and new markets and Clough will leverage JJ White’s existing customer base to expand its services and footprint across the USA.”

   

  Following the completion of the acquisition, Clough’s Adam Stashick, formerly Executive Vice President of Strategy and Development, will take over operations as President for JJ White. Adam will report directly to Martin Siddle, Executive Vice President for Clough in North America, and will be a member of Clough’s North America Leadership Team.

   

  “Murray & Roberts is today a purpose-built Group, ready to capitalise on improved prospects in our two international business platforms. Implementation of the Group’s strategy over the past few years culminated in continued order book growth and in FY2021, the Group derived approximately 80% of its revenue from its international operations. The Group’s international market sectors are expected to continue to benefit from dedicated and extensive stimulus earmarked for a post-pandemic infrastructure-led economic recovery”, concludes Laas.

  The effective date of the transaction is subject to the fulfilment of various conditions precedent and is required to be before the end of October 2021.

  
  

  For further information contact:

  Ed Jardim

  Group Investor and Media Executive

  E-mail: ed.jardim@murrob.com

   

  About Murray & Roberts

  Murray & Roberts is a leading engineering and construction services group of companies and focuses its expertise and capacity on delivering sustainable project engineering, procurement, construction, commissioning, operations and maintenance solutions.

  The Group delivers its capabilities into the resources, industrial, energy, water and specialised infrastructure sectors.

  Murray & Roberts is a group of world-class companies and brands aligned to the same purpose and vision, and guided by the same set of values.

  For more information about Murray & Roberts, please visit www.murrob.com

  About Clough

   

  Clough is a pioneering engineering and construction company established in 1919 in Perth, Western Australia. Clough delivers sustainable high performing assets for the energy, infrastructure and resources industries underpinned by a dedication to problem solving and getting the job done safely and efficiently.

   

  Today, Clough manages a global workforce of over 2,000 people from operating centers across North America, Australia, Asia-Pacific and the UK that strive for the best in everything, setting new safety and performance benchmarks every single day.

   

  Clough is a wholly owned subsidiary of Murray & Roberts, a multinational group that focuses its expertise on delivering sustainable and fit-for-purpose project engineering, procurement, construction, commissioning, operations and maintenance solutions. The Group delivers its capabilities into the resources, industrial, energy, water and specialized infrastructure sectors.

   

  For more information about Clough, please visit www.cloughgroup.com

  About JJ White

   

  JJ White, founded in 1920, is a private, fourth-generation multi-trade engineering and contracting business, headquartered in Philadelphia, Pennsylvania, United States. JJ White specializes in industrial maintenance and related construction services that covers a full range of mechanical and electrical disciplines.

   

  For more information about JJ White, please visit www.jjwhiteinc.com