The purchase includes a new office in Dalby, which Fyfe has said is at the heart of the rapidly-developing coal seam gas (CSG) industry near Roma.
The engineering and surveying firm said that the deal was in line with the expansion of its Queensland operations, which have more than tripled in size in the past five years to almost 60 staff with offices in Brisbane, Roma and Coolum.
“The surge in activity in Queensland, particularly within the oil and gas sector, is fuelling our optimism for the year ahead,” Fyfe Managing Director Mark Dayman said.
“With the large amount of work coming through, we are now looking to take on an additional 25 staff across Australia, including 10 in Queensland. These positions are for engineers and surveyors through to senior managers.”
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Mr Dayman said that Colston Surveyors and Planners was a well-regarded practice with four staff, who would all be retained.
“We believe there is strong potential to grow this business in the future, in conjunction with Fyfe’s existing business at Springwood,” Mr Dayman said. “Colston has also undertaken a considerable amount of surveying work for land divisions in the Surat Basin, which is at the heart of the rapidly-expanding CSG industry.”
Mr Dayman added that this work in the Surat Basin complemented the gas engineering work being conducted by Fyfe, such as servicing companies involved in CSG and LNG developments.
He said that Fyfe is now looking to open a new office at Chinchilla to streamline its operations between Roma and Brisbane, and to provide additional support for staff.
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