NEWS ANNOUNCEMENT
RECORD POINT

Record Point is an independent corporate advisory firm specialising in domestic and international advisory services for public and private companies.

RECORD POINT ACTS AS FINANCIAL ADVISOR ON THE SALE OF ALL RCR TOMLINSON BUSINESSES
2019

Record Point acted as the financial advisor to McGrathNicol, the Administrators of RCR Tomlinson (ASX:RCR), on the sale of all RCR Tomlinson businesses.

 

Record Point managed parallel processes across a diverse mix of businesses, helping to achieve an important outcome in a challenging environment for the Administrators and employees, with the sale process running through the Christmas holiday period and engagement from over 300 parties.  Record Point helped ensure over 1,200 jobs were preserved, with 13 separate Australian businesses sold to 10 acquirors.

 

RCR Tomlinson was a diversified engineering and construction business servicing the energy, infrastructure, resources and property industries.  Prior to its administration, RCR Tomlinson employed over 2,800 employees and had operations across Australia, New Zealand and Asia.