RFC Ambrian acts as Financial Adviser to Management Resource Solutions plc (MRS). The London-listed MRS has announced an exclusive agreement to acquire the core assets of the SubZero Group in Australia for A$6.12m. The deal is consistent with MRS’s expansion strategy, and brings SubZero’s core offerings of project management, labour hire and wet and dry hire and maintenance.
The businesses are based in the Hunter Valley and service clients such as Rio Tinto, BHP and Glencore. Their fit looks to be excellent for MRS and will substantially enhance its existing service offering, as well as providing a number of synergies over costs.