Phoenix Drilling Services acquired by CQ Exploration
Deal typeM&A
IndustryNatural resources & Energy
Client namePhoenix Drilling Services
Phoenix Drilling Services has been acquired by CQ Exploration.
Phoenix Drilling Services, operating since 1981, has a long history of successful projects for major mining companies.
The company’s principal activities are coal exploration, and the drilling and installation of steel-lined underground service holes in Queensland and New South Wales.
CQ Exploration provides a broad range of drilling activities throughout Queensland, servicing primary producers, mining, and oil and gas industries.
BDO’s deal advisory team in Brisbane, led by David Ward, acted as the lead adviser to Phoenix Drilling Services advising on all commercial aspects of the transaction.
Phoenix Drilling Services, operating since 1981, has a long history of successful projects for major mining companies.
The company’s principal activities are coal exploration, and the drilling and installation of steel-lined underground service holes in Queensland and New South Wales.
CQ Exploration provides a broad range of drilling activities throughout Queensland, servicing primary producers, mining, and oil and gas industries.
BDO’s deal advisory team in Brisbane, led by David Ward, acted as the lead adviser to Phoenix Drilling Services advising on all commercial aspects of the transaction.