Womble Bond Dickinson (WBD) has advised waste management and recycling company Augean plc on its acquisition of the EcoCentre in Peterhead from US oil services firm Halliburton.
Located in Aberdeenshire at the heart of the oil and gas supply chain, the EcoCentre provides the North Sea oil and gas industry with waste processing services from rig to final disposal. The acquisition will enhance Augean's ability to manage oilfield waste material and provide further waste treatment processes for a broad range of offshore materials including drill cuttings and slop waters.
Iain Pritty of WBD said:
"This is the latest transaction we have advised Augean on and we're thrilled to have once again worked with them on this high profile acquisition and exciting development for their North Sea business. Our understanding of the energy sector, coupled with our strong corporate and real estate expertise, particularly in Scotland, meant we were able to provide the best possible outcome for the client."
Mark Fryer, Executive Director and Group Finance Director at Augean, added:
"The EcoCentre will bring a wealth of benefits for our clients and help us achieve our vision of a waste-free and socially responsible circular economy for the sector. We're very grateful for the work put in by the whole team at WBD whose experience and first-rate legal advice has played an important role in helping us achieve a successful transaction."
Ranking in the UK's top 20 law firms, WBD provides comprehensive legal service from eight cities across the UK and 19 offices in the US, including energy hotspot Houston. The firm advises both oil and gas and renewable energy clients including Chrysaor, Centrica, RES, Scottish Power Renewables, EDF Energy Renewables, as well as other major utilities.
WBD has a strong presence in Scotland with offices in both Aberdeen and Edinburgh where it focuses on delivering legal services to clients in its key sectors, particularly real estate, energy and power renewables, and financial institutions. Last year the firm celebrated its move to larger offices in Edinburgh following a period of significant growth and, in September, it strengthened its real estate practice in the city with the appointment of new partner Paul Mason.