TSA Management – merger with Xigo
Miles Advisory Partners advised TSA Management and Livingbridge on the merger with New Zealand project management consultancy Xigo.
Transaction Details
Sector
Business Services
Miles Role
Buy-side advisor to TSA Management and Livingbridge
Deal Type
Mergers & Acquisitions
Year Completed
2018
Contacts for this Transaction
Ryan Jordan
Managing Director
Jack Atkins
Director
Overview
- Xigo is an independent specialist project management consultancy headquartered in Auckland, with around 55 people across three New Zealand offices - Auckland, Wellington and Tauranga - serving government and private-sector clients on capital works across infrastructure, education, healthcare and aged care
- The merger marked TSA’s first expansion outside Australia and Livingbridge’s first New Zealand holding, creating a combined group of more than 250 project managers across eight offices in Australia and New Zealand
- Miles advised TSA and Livingbridge on the trans-Tasman transaction, including the structure under which Xigo’s shareholders reinvested into the enlarged group while both businesses retained their respective brands and governance – aligning the Xigo team’s interests with the combined platform
- The transaction gave TSA access to a substantial New Zealand infrastructure pipeline while extending Xigo’s reach and market access across the Tasman
Industry Context
The acquisition reflected independent advisory firms’ desire for cross-border combinations to support major clients and to win larger, more complex mandates.
