Australia, New Zealand—Dentons, the world’s largest global firm, has advised Houston-based distribution, trading, and logistics firm, Tricon Energy on setting up its business in Australia and New Zealand as part of its purchase agreement to acquire eXsource, a specialty polymer distributor, from Qenos.

In the agreement, Tricon Energy obtained eXsource's inventory, receivables, and branding and eXsource's workforce has been integrated into Tricon Energy.

Dentons’ role, led by a cross-border team consisting of Partner Caroline Snow and Special Counsel Kyla Brose (Corporate, Australia), Partner Chris Parke and Senior Associate Christine James (Corporate, New Zealand), Partner Edmund Burke (Employment, Australia) and Partner James Warren (Employment, New Zealand), included the permanent establishment of Tricon Energy’s entities in Australia and New Zealand, an asset purchase and the workforce transfer.

Partner, Caroline Snow said “We are thrilled to have played a part in Tricon Energy’s strategic acquisition of eXsource, marking a significant milestone in their expansion into the Australasian market. This move not only enhances Tricon Energy's distribution network but also enriches its human capital by integrating a skilled workforce.”

“Our cross-border team's collaborative approach and expertise in corporate structuring and employment law ensured a seamless transaction, underscoring Dentons' commitment to facilitating global business growth.” said Chris Parke, Partner.

This is another example of Dentons cross border work led by the Dentons Corporate team including work advising:

• Energy Fuels on its transformational A$375 million acquisition of Base Resources.
• Starkey Technologies Inc. (US) on the sale of its retail hearing aid companies in Australia, Singapore, Malaysia and Japan to Sonova AG (Switzerland).
• Regal Rexnord Corporation on the sale of its global industrial motors and generators business to WEG.

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