Gareth Young speaks to Mergermarket about Livingbridge Australia’s investment capacity in the coming year.
Livingbridge’s Melbourne office opened in 2016 and since that time the Australian team has completed two deals and there have been four acquisitions in the region. Gareth Young discusses what the year ahead holds for the team, and says that this year he is looking to make its third platform investment.
Livingbridge Australia looks at companies with an EBITDA of more than AUD 10m (USD 7m) and with equity investments of between AUD 50m and AUD 200m.
In November 2017, it made its first investment in Sydney-headquartered Australasian project management consulting firm TSA Management. Established in 2001, TSA Management (TSA) is a leading, independent, Australia-based project management consulting firm. TSA specialises in providing independent project-based services to private sector and government clients undertaking major capital works projects across a range of infrastructure and property sectors including road, rail, healthcare and education. Since investment, TSA Management has made two acquisitions: Xact Project Consultants in Canberra and New Zealand-based project management consultancy Xigo.
The company is on the look-out for more acquisitions in Australia and New Zealand that can help it further diversify its offering with complementary project management service lines in the property, infrastructure and resources industries as well as help with geographic expansion.
In December 2018, Livingbridge Australia acquired a majority stake in New Zealand-based provider of integrated rehabilitation, occupational health and fitness services Habit Group, with a view to expanding the company in both New Zealand and Australia, including via complementary acquisitions. In 2019, Habit merged with Southern Rehab, providing the combined group with an unrivalled reach across the North and South Islands.
Read the full article in Mergermarket here.
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