Squire Patton Boggs Advises Thiess on Agreement to Acquire Underground Mining Contractor PYBAR

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Squire Patton Boggs has advised Thiess, a leading global mining services provider, on the acquisition of PYBAR Holdings Limited (and its 100% subsidiary, Pybar Mining Services Pty Ltd) from ASX-listed company, Metarock Limited.

Pybar is an underground mining contractor and will assist Thiess in expanding their underground mining business and further Thiess’ strategy to diversify its commodities and the services it offers clients. Completion occurred on 31 May 2024. It builds on the previous deal which Squire Patton Boggs has recently advised Thiess on, namely it’s A$350 million off market Takeover of ASX-listed MACA Limited.

Ashley Rose and Michael Gajic, corporate partners in the firm’s Sydney office, co-led the team acting for Thiess. A great effort across the firm’s corporate, employment, tax and litigation teams which was supported by colleagues Louisa Hine, Eddy Goldsmith, Louise Boyce, Elisa Blakers, Georgia Mateer and Olivia Kelleher.

Mr Rose said: “We are thrilled to collaborate with Thiess once more and eagerly anticipate following its journey as it continues to grow its global mining portfolio. This acquisition will enhance the Thiess Group’s service offerings to its clients.”

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