Vertech Group has announced the acquisition of Access Platform Systems (APS), an Australian industrial services provider. The deal is one of the many series of strategic acquisitions and joint ventures for Vertech across Australia and New Zealand.
APS is a company that provides assistance and maintenance services for industrial projects in the Australian East Coast infrastructure and power generation sectors. With a forecasted turnover of $70m and 240 employees, APS represents an important addition to the Vertech suite of companies, effectively doubling the size of the organisation and providing exposure to an infrastructure sector set to grow significantly.
Vertech Group plans to continue to explore organic and inorganic growth opportunities in 2021, with a focus on service providers with complementary services and strong management teams.
APS Group Director, David Murray said: “The founders and original directors of APS are extremely excited about becoming part of the Vertech Group and we are looking forward to what the future holds for the APS. Being part of the Vertech Group will allow us to cement our commitment to our clients in providing innovation, safe and cost-effective solutions across all of our service lines through improved processes and procedures. Utilizing the national spread of the Vertech Group will also enable the APS Group to grow into new industries and regions across both Australia and New Zealand. We are proud to have become a member of this well respected and professional organization and look forward to working closely with Tom, Alex and all the Vertech team.”
Tom Brennan, Managing Director of Vertech Group, added: “This deal was an integral part of Vertech Group’s strategy to enter new vertical markets across Australia, in particular the infrastructure and power generation sectors, in which APS are well established as a market leading service provider.”
Vertech Group were advised by Octavian Group, the Australian partner of SORTIS INVEST in GlobalScope.
ABOUT VERTECH GROUP
Beginning in 2008, Vertech was founded to provide rope access and inspection services to the West Australia resource industry. Vertech Group provides a comprehensive catalogue of inspection, maintenance and specialist access services to a diverse range of sectors including upstream drilling, oil & gas production, defense, mining, and various marine industries. Vertech was a pioneer of industrial rope access and specialist access in Australia. In recent years, Vertech Group have diversified to invest heavily in unmanned inspection technologies, today being one of the leading suppliers of Remote Digital Visual Inspections (RDVI).
ABOUT APS
APS stands for “Access Platform Systems”, and it was founded in 2005. The business was established to provide alternate access solutions for the construction and power generation industries. They had established a small fabrication workshop with an emphasis on manufacturing maintenance walkways, ladders and platforms. 2007 marked the move to a larger fabrication facility in the Western suburbs of Melbourne, allowing APS to start work on the design and manufacture of the modular Aluminum Suspended Access Platforms. Since then, they have been involved in numerous significant projects, such as the design & construction contract for the West Gate Bridge Strengthening, as well as the largest scaffolds ever built in Melbourne.
ABOUT OCTAVIAN GROUP
Octavian is an independent Australian corporate advisory firm, situated in Perth, and regularly advising companies in the Western part of the continent. The company provides leading mid-market businesses with intelligent transaction advice relating to mergers & acquisitions, capital raisings and public listings. Octavian Group is part of GlobalScope Partners.
ABOUT SORTIS Invest
SORTIS Invest is an investment banking boutique, based in Sofia, Bulgaria, part of SORTIS Group. It is a member of GlobalScope Partners, a global family of 55 independent M&A firms in 46 countries with a team of 650 professionals and more than 10,000 completed mergers and acquisitions and private equity deals worldwide. SORTIS Invest advises companies on mergers & acquisitions and fundraisings, as well as valuations and financial modelling of business cases. SORTIS Invest has a broad partner network and extensive experience in the fields of corporate finance, mergers & acquisitions.
SORTIS Invest has advised clients in various sectors including Telecommunications, Media and Technology (TMT), financial services, food and beverages, life sciences, chemicals, education, defense, manufacturing, energy, mining, transport and logistics, hospitality and real estate.
