Centurion Grabs McAleese assets
Western Australian transport and logistics provider, Centurion, is expanding its footprint in the resources sector with the purchase of key assets from McAleese's heavy haulage fleet.
According to Centurion, the acquisition – for an undisclosed amount – will complement its existing heavy haulage business, allegedly making it the largest heavy haulage service provider in Australia.
Centurion Chief Executive, Justin Cardaci, said the purchase of the McAleese assets was "strategically sound", aligned with the company’s strength in the resources sector and provided Centurion with a unique opportunity to expand.
“As a well-established and trusted Western Australian company, with more than 45 years experience in the transport and logistics arena, including heavy haulage, we have the capability to run a successful national business,” Cardaci said.
“Centurion is a financially strong and stable business that understands the industry. This asset purchase will give us the platform to access new markets and grow our business nationally.”
Cardaci said the company wanted to continue servicing existing and previous McAleese customers under the Centurion banner, targeting industries nationally that depend on the reliable and safe movement of large equipment, including mining, energy, infrastructure and construction.
“McAleese heavy haulage was once a highly successful business in its own right and we believe once we have transitioned these assets to Centurion there is plenty of scope to re-establish this success,” he added. “We have appointed former McAleese part owner Keith Price, who successfully ran the business to be in charge of Centurion’s heavy haulage operation.
“This is an exciting opportunity and we look forward to capitalising on our new status as the largest heavy haulage provider in Australia, providing flexible and reliable solutions for all our customers.”
As a result of the transaction, Centurion has also entered into an agreement on premises, giving it a foothold in the heavy haulage market across Queensland, South Australia, Victoria and Western Australia. The company said it expects to be fully operational by January 2017.
Rumours regarding the offer had emerged last week, shortly after GraysOnline was appointed by advisory firm McGrathNicol to handle the sale of McAleese assets, which is still on-going.
November 25, 2016
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