NRW buys BGC Contracting for $116.4M

NRW Holdings is buying the contracting arm of the BGC Group for an equity value of $116.4 million and assuming BGC Contracting’s $193.6 million debt related to asset finance.

NRW buys BGC Contracting for $116.4M NRW buys BGC Contracting for $116.4M NRW buys BGC Contracting for $116.4M NRW buys BGC Contracting for $116.4M NRW buys BGC Contracting for $116.4M

BGC Contracting is being bought by NRW Holdings.

According to NRW the acquisition is "transformational" and delivers a value accretive step change in scale and diversity for its business across Australia.