Carey Olsen advises Admiral Acquisition on US$1.85 billion acquisition of ASP Acuren Holdings

Carey Olsen partner Andrew Boyce, senior associate James Cookeand associate Claire Cookeadvised on the British Virgin Islands aspects of the transaction.

Acuren provides technology-driven solutions to protect assets in the energy, industrial, and utility industries. Its services encompass inspection, control, reliability assurance, and monitoring of equipment for clients in refining, pipeline, energy, pulp and paper, pharmaceutical, aerospace, and automotive sectors. The deal aims to build a world-class business focused on ensuring the safety and reliability of essential infrastructure in North America.

Andrew Boyce commented: "We are pleased to have advised Admiral on this significant transaction and we look forward to supporting them in achieving a successful completion."

The transaction is expected to be completed at the beginning of the third quarter of 2024, subject to regulatory approval.