BESIX Watpac

BESIX Watpac is an Australian construction and civil engineering company. Formerly listed in on the Australian Securities Exchange, it is now a subsidiary of Besix.

BESIX Watpac
FormerlyWatpac
Watkins Pacific
TypeSubsidiary
ASX: WTP
IndustryConstruction
Founded1983
FounderGregory Watkins
Headquarters
Brisbane
,
Australia
Revenue$1.1 billion (2018)
OwnerBesix
Number of employees
over 600 (2021)
Websitewww.besixwatpac.com.au

History

BESIX Watpac was founded by Gregory Watkins in Brisbane, Queensland as Watkins Pacific in 1983. It was listed on the Australian Securities Exchange as Watpac in 1985. During the 1980s and 1990s, it acquired a businesses in Mackay and opened offices on the Gold Coast and in Townsville, Cairns and Canberra. It also operated in Hawaii and Vietnam.[1]

In 2004 Watpac purchased Grant Constructions, giving it a New South Wales presence. In 2007 it purchased Melbourne based JA Dodd. In 2008 it purchased JMS Civil & Mining with operations in Adelaide and Perth.[1] Besix that had been a major shareholder since 2013, took full ownership in 2018 with the company delisted from the Australian Securities Exchange and rebranded BESIX Watpac.[2][3] The civil and mining business was not included, being sold to Remagen Capital.[4]

Notable projects

Notable projects completed have included:[1]

Sponsorships

Watpac was the naming rights sponsor of the Townsville 400 from 2017 until 2019.[8][9]

References
  1. History BESIX Watpac
  2. Construction giant to take stake in Watpac Business News 9 April 2013
  3. Watpac Limited - Removal from Official List Australian Securities Exchange 24 December 2018
  4. Watpac finalises sale of Civil & Mining Business Watpac 21 December 2018
  5. SW delivers first ferry wharf ahead of schedule BESIX Watpac 21 June 2022
  6. Kangaroo Point Green Bridge Brisbane City Council
  7. BESIX Watpac takes over as principal contractor on Barangaroo Station BESIX Watpac 8 October 2021
  8. Queenslander Watpac takes Townsville naming rights Supercars Championship 25 May 2017
  9. Townsville 400 honours flood affected residents Auto Action 5 June 2019
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