Aqua Metro is a trusted delivery partner in the water sector, offering integrated services across design, engineering, construction, and maintenance. This acquisition supports Saunders' strategic expansion into the water sector, adding complementary capabilities across hydraulics, mechanical, civil and water infrastructure. 

MinterEllison advised on all legal aspects of the transaction, including due diligence, transaction structuring and documentation, equity capital raising via placement of new shares, debt funding and engagement with the ASX on Listing Rule compliance matters.

The MinterEllison team was led by Alberto Colla (Partner, M&A / Capital Markets) with support from Oliver Deane (Senior Associate, M&A / Capital Markets), James Mullins (Senior Associate, M&A / Capital Markets), Olivia Gong (Associate, M&A / Capital Markets), Mason Bierlein (Lawyer, M&A / Capital Markets), Cassie Hamshaw (Lawyer, M&A / Capital Markets), Johanna Wells (Lawyer, M&A / Capital Markets), Brandon Dean (Lawyer, M&A / Capital Markets) and Selena Zhang (Lawyer, Projects, Infrastructure & Construction). Additional support was provided by teams across Tax, Finance, Disputes, Employment, Insurance and Competition.

Alberto Colla, Partner at MinterEllison said: “We are proud to have supported Saunders on this strategic acquisition, which marks a significant step in their expansion into the water sector. The transaction not only enhances Saunders’ capabilities across critical infrastructure but also reflects the strength and depth of our cross-practice MinterEllison team in delivering complex, multi-faceted deals.”