Australian Engineering Company Gains Access to North America
The Maryland- and Houston-based LNG engineering and consulting services provider CH-IV International has been acquired by Perth-based Clough Limited, giving the Australian firm immediate access to the North American market for liquefied natural gas services.
“The acquisition will provide Clough with a platform to enter the North American LNG market, while providing resources to assist CH-IV to meet the growing demand for their services.”
Clough, which was established in 1919, provides LNG engineering and project services in the Australian and Papua New Guinea market – engineering, construction, commissioning and brownfields assistance. The Clough client list includes some of the world’s largest energy companies and the firm “has been present on every LNG project undertaken in the Australian and PNG in recent years.” Clough has nearly 4,000 employees across Australia, Papua New Guinea, Asia, the United Kingdom and Africa.
CH-IV, states the acquisition release, “is well positioned in the U.S. LNG market, having worked on nearly every LNG project filed for permit in the region in recent years.
“The burgeoning U.S. shale gas industry has seen unprecedented demand for CH-IV’s services. Clough will assist CH-IV’s growth through the provision of project management expertise and engineering resources from Clough’s global offices.”
‘Ticked All the Boxes’
The combined company pledges to work “across the entire LNG asset lifecycle to manage risk and drive out inefficiency.”
“CH-IV now has the required support to offer our niche LNG engineering and consulting services to previously untapped markets, both locally and globally,” CH-IV founder and president Jeffrey Beale says in the Clough announcement. “The Clough and CH-IV union combines complementary LNG skills and resources that will significantly enhance our service offering for LNG clients,” he said.
“Excellent technical capabilities, a niche market position, alignment with Clough’s strategy and a strong cultural fit,” said Clough CEO Kevin Gallagher. “CH-IV ticked all these boxes.”
The firms have already commenced jointly tendering for work and have recently secured an engineering study in the Caribbean.Contact information is only available to premium subscribers. Click here to purchase a premium subscription.
Source: Clough and CH-IV with HHP Insight follow-up