Crescent Capital dredges exit pathway at Hall Contracting
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Australian private equity firm Crescent Capital is ready to mull exit options for its dredging, civil and marine construction company, Hall Contracting.
Street Talk understands Crescent Capital, which acquired a majority stake in Hall Contracting late in 2017, recently invited investment banks and advisory firms to pitch for the sell-side mandate.
Hall Contracting was recently hired to help upgrade the Port of Townsville. Â
Glenn Hunt
Sources were pointing at independent firm Houlihan Lokey as the most likely to be mandated.
Hall Contracting is Australiaâs largest privately-owned civil construction, dredging and marine civil works company, signing contracts to dredge sea channels at ports, upgrading dams and the like.