Keller Group Completes Acquisition of Piling Division from North American Energy Partners

Keller Group Plc (“Keller”), an LSE-listed FTSE 250 company and international ground engineering specialist, completed its acquisition of North American Energy Partners Ltd.'s (“North American”) piling division for total cash consideration of $320 million, comprised of $227.5 million paid on closing and up to a further $92.5 million in deferred cash consideration contingent on the piling division's financial performance in the three years following closing. The piling division employs approximately 400 staff and provides ground engineering and construction services across Canada, including in the Alberta oil sands region.

Keller was represented by David Peitsch, chief legal officer of Keller Foundations LLC, and was advised by Blake, Cassels & Graydon LLP with a team led by David Glennie and Michael Kariya (M&A/corporate), which included Jason Gudofsky and David Rosner (competition); Robert Kopstein, Carrie Aiken and Casey Richardson-Scott (tax); Greg Kanargelidis (commodities tax); Gord Kettyle, Brian Thiessen, Claire March-ant, Shaun Parker and Skye Friesen (labour and employment); Sean Maxwell (pensions); Garth Anderson, Larissa Svekla and Daniel Kofman (real estate); Warren Nishimura, Bahar Hafizi and Francesca Hennigar (financial services) and Gary Daniel (intellectual property).

DLA Piper UK LLP acted as UK counsel to Keller with a team led by Charles Severs and John Gallon (M&A/corporate).

North American was represented by general counsel Jordan Slator and legal counsel David Thomlinson, and was advised by Borden Ladner Gervais LLP with a team led by Gordon Raman, and included: Habeeb Syed, Adrian Liu and Katherine Schuck (M&A/corporate); Robert Russell, Denes Rothschild and Zirjan Derwa (competition); Steve Suarez and Janet Kasun (tax); Laurie Robson (employment); Rick Coburn (environmental); Brennan Carroll (real estate); and Eric Boehm (intellectual property).

Felesky Flynn LLP acted as special tax counsel to North American with a team led by Donald Cherniawsky, and which included Timothy Kirby and Michael Dolson.

Speechly Bircham LLP acted as UK counsel to North American with a team led by Paul Arathoon.

Lawyer(s)

Larissa Svekla Adrian Liu David Rosner Greg Kanargelidis Steve Suarez Brian J. Thiessen Eric Boehm Habeeb Syed Carrie Aiken Bahar Hafizi Robert S. Russell Garth K. Anderson Janet Kasun Gordon R. Kettyle Daniel Kofman Laurie M. Robson Denes Rothschild Warren Nishimura Michael Kariya Brennan M. Carroll Gary T. Daniel David Glennie Jason L. Gudofsky Sean L. Maxwell F.F. (Rick) Coburn