Diversified building products company, Big River Group, today announced the purchase of the business by Big River Industries, a company owned by Anacacia Capital and the Big River senior management team.
After over 100 years ownership in the founding Pidcock family, the business is strongly positioned for the next stage of growth, and the new ownership structure best facilitates this.
Big River Group manufacturers and distributes a wide range of building and construction products to the civil, commercial and residential construction markets, across all States of Australia. There exists outstanding growth opportunities in a very large and fragmented industry, to continue the proud history the company has built.
Big River Managing Director, Jim Bindon, said. “The whole management team is very excited to be working with Anacacia Capital to help us to successfully grow the business further. As a private equity firm focused on medium-sized businesses, we think they can add significant value to the Company”.
The staff, customers and suppliers of Big River can be sure of a seamless transition to the new ownership. The strong personal relationships the Company has always had with staff , customers and suppliers will continue to be the focus of the business.
Sarah Thompson, Anthony Macdonald and Joyce Moullakis
The Australian Financial Review