UGL (company)

Last updated

UGL
TypeSubsidiary
IndustryConstruction and Engineering
Founded1970
Headquarters,
Australia
Area served
Australia, New Zealand, Asia
Key people
Doug Moss, Managing Director
ServicesEngineering
Owner CIMIC Group
Number of employees
7,850 (June 2016)
Parent CIMIC Group
Divisions UGL Rail
Website www.ugllimited.com

UGL, formerly known as United Group, is an engineering company. The company provides construction, maintenance, and asset management services to the rail, resources, and infrastructure sectors, and corporate real estate, facilities management, and business process outsourcing services to property users. Its clients are large companies, governments and institutions in Australia, New Zealand, Asia. It was purchased by the CIMIC Group in December 2016.

Contents

History

UGL was founded as an engineering construction firm in Perth, Western Australia in 1970 by Charlie Bontempo, Sam Castelli, John Rubino and John Trettel. In 1988, it was re-branded as the United Construction Group. [1]

UGL has acquired a number of businesses, including engineering, construction, and facilities management business Kilpatrick Green in 1998, rail company Goninan in 1999, corporate real estate business KFPW in 2002, Thames Water Projects Asia in 2004, Singaporean real estate services company Premas International (UGL Premas) and Alstom's Australian and New Zealand transport and rail businesses in 2005, Chicago-based Equis Corporation (UGL Equis) and Canberra-based Peak Security in 2006, and Boston-based Unicco Services Company (UGL Unicco) in 2007. [2]

In 2011, a commercial real estate firm DTZ was acquired, but was sold in 2014 to a consortium of TPG Capital, PAG Asia Capital and the Ontario Teachers' Pension Plan. [3]

In October 2016, CIMIC Group launched a successful takeover offer for the company, [4] with CIMIC applying in December 2016 to compulsorily acquire all remaining shares. [5]

Timeline

Related Research Articles

<span class="mw-page-title-main">Alstom</span> French rolling stock manufacturer

Alstom is a French multinational rolling stock manufacturer which operates worldwide in rail transport markets. It is active in the fields of passenger transportation, signaling, and locomotives, producing high-speed, suburban, regional and urban trains along with trams.

<span class="mw-page-title-main">Bouygues</span> French industrial group

Bouygues S.A. is a French engineering group headquartered in the 8th arrondissement of Paris, France. Bouygues is listed on the Euronext Paris exchange and is a blue chip in the CAC 40 stock market index. The company was founded in 1952 by Francis Bouygues and has been led by his son Martin Bouygues since 1989. Martin's older brother, Olivier Bouygues, is a board member.

<span class="mw-page-title-main">Downer Group</span> Integrated services company active in Australia and New Zealand

Downer Group is an integrated services company active in Australia and New Zealand.

<span class="mw-page-title-main">Cushman & Wakefield</span> Global commercial real estate services firm

Cushman & Wakefield plc is a global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois.

<span class="mw-page-title-main">Broadspectrum</span> Australian infrastructure maintenance services company

Broadspectrum, formerly known as Transfield Services, was an Australian and New Zealand company that provided infrastructure maintenance services. Formerly listed on the Australian Securities Exchange, and later owned by Ferrovial, it was then acquired by Ventia who integrated Broadspectrum alongside Visionstream.

<span class="mw-page-title-main">UGL Rail</span> Australian railway rolling stock manufacturer

UGL Rail is an Australian rail company specialising in building, maintaining and refurbishing diesel locomotives, diesel and electric multiple units and freight wagons. It is a subsidiary of UGL Limited and is based in Melbourne, with a staff of 1,200 across Australia and Asia. It operates factories in Broadmeadow, Maintrain Auburn, Spotswood and Bassendean. While it used to operate a factory in Taree, the plant was shut down and the equipment sold off.

<span class="mw-page-title-main">ACS Group</span> Spanish company dedicated to civil and engineering construction

ACS, Actividades de Construcción y Servicios, S.A. is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world. The company was founded in 1997 through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A. The group has a presence in the United States, Germany, India, Brazil, Chile, Morocco and Australia. The headquarters are in Madrid and the chairman is Florentino Pérez. Listed on the Bolsa de Madrid, the company's shares form part of the IBEX 35 stock market index.

CIMIC Group Limited is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.

<span class="mw-page-title-main">Macquarie Group</span> Australian investment bank and financial services company

Macquarie Group Limited is an Australian global financial services group. Headquartered and listed in Australia, Macquarie employs more than 20,000 staff in 34 markets, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser, with more than A$871 billion in assets under management.

DTZ was a commercial property company. Tracing its origins back to 1853, it merged with Cushman & Wakefield in 2015 with the brand retired.

<span class="mw-page-title-main">John Holland Group</span> Infrastructure company based in Melbourne, Australia

The John Holland Group is an infrastructure, building, rail and transport business operating in Australia and New Zealand. Headquartered in Melbourne, it is a subsidiary of China Communications Construction.

Thiess Pty Ltd is an international mining services company based in Brisbane, Australia. Established in the 1930s as Horn & Thiess, the company later became Thiess Bros and Thiess Contractors before being bought by Leighton Holdings in 1983 to become part of the CIMIC Group. Thiess' headquarters are located in the Thiess Centre in South Bank in the Brisbane CBD near the TAFE Brisbane City campus.

Cassidy Turley was a privately owned commercial real estate services firm. Cassidy Turley was acquired by a private equity investment consortium backed by TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. In January 2015, Cassidy Turley was acquired by DTZ, which was later acquired by Cushman & Wakefield.

Metro Trains Sydney Pty Ltd (MTS) is the operator of the Sydney Metro. It is a joint venture between Hong Kong-based MTR Corporation, John Holland Group and UGL Rail formed in September 2014. It operates the network with a fleet of 22 Alstom Metropolis trains under a 15-year contract.

<span class="mw-page-title-main">Leung Chun-ying–UGL agreement</span>

In October 2014, it was reported that Leung Chun-ying, Chief Executive of Hong Kong, had signed an agreement in 2011 with UGL, an Australian engineering firm, in relation to its takeover of DTZ, a UK-listed real estate services company in which Leung was the director of the company. In agreement, UGL undertook to pay Leung £4 million in two instalments in 2012 and 2013 respectively, subject to specific conditions. As these payments concurred with the term of office of Leung Chun-ying as Chief Executive between 2012 and 2017, it has aroused concerns of the public in respect of the nature of payment, potential conflict of interests, relevant systems of declaration of interests and taxation implications.

<span class="mw-page-title-main">Tailem Bend Solar Power Farm</span>

The Tailem Bend Solar Power Farm is a solar power farm near Tailem Bend in South Australia. It has 108MW of generation capacity but is limited to supplying 95MW to the national grid. An additional 85MW is proposed in stage 2. It is developed and owned by Singapore-based Vena Energy, a new name for the former Equis Energy following acquisition by Global Infrastructure Partners in January 2018. The output will be sold to Snowy Hydro for retail sale under its Lumo Energy brand. Stage 2 is also expected to provide battery storage.

RCR Tomlinson was one of Australia's largest multi-disciplined infrastructure, resource and engineering companies with a reputation for delivering high quality mining technologies.

<span class="mw-page-title-main">PAG (investment firm)</span> Asian investment firm

PAG is an Asian investment firm that manages multiple asset classes, including private equity, private debt, real estate and hedge funds. It is considered one of the largest private investment firms in Asia.

RSK Group is a privately held UK-based environmental, engineering and technical services group, comprising over 175 companies employing some 10,000 people and with turnover of £796m in 2022.

References

  1. Timeline UGL
  2. Our History UGL
  3. 1 2 DTZ becomes a private independent global property services company DTZ
  4. unconditional offer for UGL [ dead link ] CIMIC 10 October 2016
  5. Compulsory Acquisition of Remaining Shares in UGL Limited CIMIC Group 19 December 2016
  6. "United Group Buys Goninan from Howard Smith" Railway Digest October 1999 page 12
  7. United Group expands services business with acquisition of KFPW United Group 27 August 2003
  8. United Group strengthens presence in water sector with $15 million acquisition of Thames Water Projects Australia, Singapore & Malaysia United Group 15 June 2004
  9. Alstom signs agreement with United Group for sale of Australian & New Zealand transport business Alstom 2 June 2005
  10. UGL shuts up shop Goulburn Post 7 May 2010
  11. Ruddick, Graham (6 December 2011). "DTZ sold to Australia's UGL". The Daily Telegraph . London. Retrieved 11 December 2011.