Deloitte Australia on Tuesday (12 October) announced that it has moved to acquire asset management advisory firm Bluefield, which primarily services the resources sector offering advisory services covering the full life cycle of mining assets.
Bluefield managing director, Gerard Wood; general manager of growth, Drew Hislop; and general manager of operations, Steve Flannery, will each join Deloitte Australia as consulting partners from 1 November. Terms of the transaction are confidential.
Mr Wood welcomed the deal, which he said was borne of a shared passion for delivering practical outcomes for clients.
“Bluefield is passionate about asset management and performance. Our business was established to deliver practical outcomes for our clients and we have become the market leaders in this area,” he said.
“It’s very clear that passion is an asset shared with Deloitte, and this is a move that creates the logical partner of choice for asset intensive industries, and connects our Bluefield clients with the breadth of other services offered by Delolitte.
“Together, we will provide the necessary breadth and technical depth that can significantly grow our capacity to deliver the services and real value businesses are calling out for.”
Deloitte Australia managing partner of consulting, Ellen Derrick, said Mr Wood’s team will complement the services already on offer at the firm.
“For big, asset intensive industries and businesses, cutting edge, technology-enabled asset optimisation and health services deliver value and better business outcomes,” she said.
“The skills and experience of the Bluefield team complement our own, and will provide scale to service increasing demand in the market. Together we expect to also be able to grow our offerings and market presence via a unique breadth of asset management services.”
Deloitte Australia consulting partner and transformation and operations leader, Rob Spittle, said Mr Wood’s team will bring deep expertise and technical know-how to the firm.
“All operators in heavy asset-exposed industries are looking at automation and improving yields on assets employed,” Mr Spittle said.
“The Bluefield team brings deep industry expertise and technical capability, focused on delivering solutions that put tools in the hand[s] of maintainers, engineers and lessors that enable them to increase capital efficiency, make real, lasting change, and deliver long-term value from their assets.
“They have also developed a specialised data analytics tool that enables early notification and maintenance intervention of emerging issues in large plant and equipment, increasing overall asset productivity and reliability.
“It’s a real differentiator, and an offering that can help deliver tangible value to our existing, combined and future clients.”
John Buckley is a journalist at Accountants Daily.
Before joining the team in 2021, John worked at The Sydney Morning Herald. His reporting has featured in a range of outlets including The Washington Post, The Age, and The Saturday Paper.