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Specialised Industry Solutions

Partnering with the best in their field to create a Leading specialty Industry solutions Business

M.H. Carnegie & Co. has partnered with industry experts, Stephen Donnelley and Andrew Aitken, to identify, invest in and grow some of the leading specialist industry solutions businesses.

By targeting equipment businesses with specialist service expertise in their sector, Carnegie’s investments are able to earn high margins, high returns on capital with a low replacement CAPEX profile. Through its national platform, substantial industry and finance expertise, the consortium is a value added partner for any specialist solutions business looking to step-up to the next level.

Initial investments have been made in Water Solutions (including dewatering, pumping, environmental) and Power Solutions (including generator sales and rental) and we are actively looking to expand this portfolio.

 
Case Study
Company Resource Equipment Limited
Date of Investment April 2014
Investment Status Exited (January 2015)
Key Return Metrics IRR = 118%, MoM = 1.7x
Deal Summary REL was a pump hire and dewatering services business providing services predominantly to the mining and oil and gas markets in Australia. The business had an experienced management team and a specialist equipment hire niche with high, defensible margins and was seen as a platform asset with opportunity for organic and inorganic growth. Exited via on-market takeover offer due to favourable bid terms
Carnegie
Value Add
Introduced key industry partners to the board and management of the firm as well as advised on the acquisition of Campbell Mining Services (CMS). One of the CMS vendors was the ultimate acquirer of REL.

Portfolio Companies