The UK-based company has the option to increase that stake to 100% in the next two to three years, with ASCO representatives to join the Bonnie Rock Transport board in the meantime.
Speaking to Oil & Gas Australia earlier this year, ASCO Australasia chief executive Matt Thomas said the company had sought to bolster its local operations by getting some infrastructure on the ground.
Bonnie Rock fit the bill, providing warehousing and distribution, container transport and freight distribution across Australia, with depots in Perth, Dampier, Dongara and Broome in Western Australia, and Chinchilla in Queensland.
“The opportunity for these two companies to work more closely together, to share equipment, to share resources, this will really give ASCO a foothold in the Australian market,” he said at the time.
That foothold was only becoming stronger, he said following the acquisition, with ASCO managing the Darwin Marine Supply Base and inventory and asset management business Oniqua.
“ASCO Australasia can now support its customers through the entire supply chain cycle, ensuring, equipment and materials get to where they are needed, when they are needed,” he said.
Bonnie Rock Transport managing director Jim Currie said the company was looking forward to new opportunities with the group.
“We look forward to working closely with ASCO to grow our business across Australia,” he said.
Formed in 1998 by members of the well-known Currie family – Jim, Ron, John and Darren – Bonnie Rock is a specialist in the mobilisation of large drilling rigs and associated equipment Australia-wide covering all aspects of rigging and logistics operations.
Bonnie Rock’s fleet includes a large number of late model haulage trucks, trailers and specialised tankers. The company is engaged in remote camp services for the onshore oil and gas industry as well as for civil works, mining, construction and maintenance requirements. This includes freezer, chiller and general haulage services.
The Currie family will retain their current senior managerial positions in Bonnie Rock, ASCO said in an announcement.