Giselleai / Wikimedia Commons / CC BY 2.0 / Archive aerial view of Darwin, June 2007; not an EcOz project site
Onterris has acquired EcOz Environmental Consultants, expanding its Australian consulting network into the Northern Territory with offices in Darwin and Alice Springs.
The environmental services company, which trades on the New York Stock Exchange under the symbol ONT, announced the acquisition Sunday in a company release. EcOz will join Onterris’ consulting division, adding a Northern Territory presence to its existing network across Queensland, New South Wales, Victoria and South Australia.
EcOz provides environmental and advisory services for the development, operation and rehabilitation of projects. Its work focuses on helping clients manage regulatory, environmental and stakeholder risks through practical, science-based advice, according to the announcement.
For Onterris, the acquisition extends the geographic reach of an Australian platform it has been building through local capabilities. The company pointed to EcOz’s technical expertise, client relationships and established presence in the Northern Territory as the reasons for the deal.
“We are excited to welcome EcOz to Onterris and further expand our environmental consulting capabilities across Northern Australia,” Onterris President and Chief Executive Officer Vijay Manthripragada said in the release.
EcOz owner and Managing Director Ray Hall said the firm’s work had been built on local relationships and a commitment to the communities and environments it serves. “I’m excited about what comes next and the opportunity to build on those strengths as our people, capabilities and impact continue to grow as Onterris,” he said.
Nash Advisory served as lead financial adviser and Ward Keller as legal adviser to EcOz. Jones Day advised Onterris on legal matters. The announcement did not disclose a purchase price or financing terms.
JBizNews Desk | Little Rock, Arkansas
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