ACQUISITION FOR ACCESS

Access Group Australia’s private equity division has commenced execution of its acquisition strategy, amidst an industry facing enormous pressure to produce liquidity, returns on capital and return on investment.

 Access Groups private equity business is looking for not only distressed business’s but strong business’s looking to grow in these challenging times, through scale and the implementation of lean business improvement systems and process-controlled governance.

Group CEO John Jones expressed, "We offer strong support through our retention of culture legacy and family business values, with the objective of retaining business owners and business leaders that make a difference to the value and identity of our brand equity".

IMF forecasts devastating 6.7pct fall in Australian economy

The International Monetary Fund forecasts the coronavirus crisis to deal the Australian economy its biggest blow since the Great Depression of the 1930s, with a contraction forecast of 6.7% this year - more than double the fall for the global economy. The IMF forecasts the global economy to fall 3% in 2020, compared with a fall of 0.1% in 2009 at the height of the global financial crisis.

The Australian economy was already projected to experience a 40% contraction in the building construction, mining construction and mining services sectors, between 2019 and 2023. The decline in that sector was to be supported through government infrastructure projects in roads, bridge, large tunnel, and rail infrastructure that is currently underway.

The declining performance of all states other than New South Wales and Melbourne had left some optimism. However, with Covid19 adding to the pressure of performance and declining market share available, this will set the stage for rapid consolidation and destabilisation of our industry.

Access Expansion

Access Group maintain a strong market position, and intend to grow through potential diversification, and within the hire industry via modernisation and industry disruption. We encourage confidential discussion from any interested parties within the hire and supporting industries.

www.accessgroup.net.au