Acquisitions in Queensland, Australia

Accel-KKR acquired MOA, an Australian quality improvement and clinical/operational management platform serving aged care, retirement living, and disability service providers. Following the acquisition, MOA is expected to pursue deeper collaboration and potential platform integration opportunities with Accel-KKR portfolio company Health Metrics (provider of the eCase enterprise healthcare management platform) to enhance governance, compliance, and analytics for care providers.

The Riverside Company has invested in Dingo, a Brisbane-founded predictive maintenance software company and developer of the Trakka cloud-based platform. The partnership is intended to accelerate Dingo’s international growth and advance its AI-driven product innovation; transaction terms were not disclosed.

Arcadea Group announced the acquisition of Agdata Holdings, including its flagship farm management software product, Phoenix. Agdata, a long-time family-owned Australian AgTech software business, will join Arcadea’s AgTech portfolio alongside AgCode and Radfords Software to support accelerated product development and market expansion.

Banyan Software acquired BuRPS (Budgeting, Rostering, Payroll System), a Queensland-based provider of workforce management software for retail and hospitality businesses across Australia. BuRPS’ platform supports independent grocers and retailers with rostering, time tracking, wage forecasting, and payroll automation, including integrations with grocery POS systems. Following the deal, the BuRPS team will work closely with Banyan portfolio company Worldsmart to expand services.

Advantive, a mission-critical specialty software provider, announced it has acquired Commerce Vision, a B2B digital commerce platform serving Australia and New Zealand. The deal expands Advantive’s international footprint and strengthens its B2B eCommerce capabilities, including ERP-integrated commerce tools and Commerce Vision’s AI-driven purchase order automation product, Lucy.

Searchlight Cyber has acquired Assetnote, a Brisbane-based Attack Surface Management (ASM) company. The deal will combine Assetnote’s ASM capabilities with Searchlight’s dark web intelligence to create a more holistic Continuous Threat Exposure Management (CTEM) platform and expand Searchlight’s global customer reach.

Sandvik has completed its previously announced acquisition of Universal Field Robots (UFR), an Australia-based provider of autonomous interoperable solutions for surface and underground mining. UFR, headquartered in Brisbane with about 40 employees, will be reported within Sandvik Mining and Rock Solutions’ Digital Mining Technologies division.

Banyan Software announced the acquisition of Fedelta, an enterprise point-of-sale (POS) software platform serving hospitality and retail customers. Fedelta, founded in 2003 and headquartered in Queensland, Australia, provides POS and related modules such as back-office support, loyalty, stock control, kitchen monitoring, and business intelligence. Banyan plans to invest in product and business development to support Fedelta’s continued growth in the APAC region.

JDM Technology Group acquired Buildlogic, an Australian construction management software company, in a deal that closed on November 29, 2024. The acquisition expands JDM Technology Group’s construction software portfolio and strengthens its presence across Australia and the broader Asia-Pacific market. Buildlogic will continue operating under its own brand within JDM’s portfolio.

GameAbove Sports acquired a meaningful ownership stake in the Brisbane Bullets, a professional basketball team in Australia’s National Basketball League. NBA Hall of Famer George Gervin is joining the ownership group alongside GameAbove Sports as part of the investment, aimed at supporting the franchise’s growth ahead of the Brisbane 2032 Olympics.

TMA Systems, a provider of enterprise asset management (EAM) and computerized maintenance management system (CMMS) software, acquired MEX (Maintenance Experts), Australia’s leading CMMS provider. Headquartered in Brisbane, MEX serves more than 1,400 organizations across the Asia-Pacific region; the deal expands TMA Systems’ global footprint and product capabilities. RBC Capital Markets advised MEX, and the acquisition is TMA’s fourth since Silversmith Capital Partners’ 2021 investment in TMA Systems.

Rio Tinto completed the acquisition of Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Limited (BSL), owner and operator of the Boyne Island aluminium smelter in Gladstone, Australia. It also completed the acquisition of Sumitomo Chemical Company’s 20.64% stake in New Zealand Aluminium Smelters (NZAS), owner and operator of the Tiwai Point aluminium smelter in New Zealand, making NZAS wholly owned by Rio Tinto, and separately completed Sumitomo Chemical’s 2.46% stake sale in BSL. Purchase prices were undisclosed.

The Infrastructure Fund (managed by Macquarie Asset Management), State Super, and Australian Retirement Trust agreed to sell their combined 74.25% controlling interest in Queensland Airports Limited (QAL) to a consortium comprising KKR and the Skip Essential Infrastructure Fund. QAL owns and operates Gold Coast, Townsville, Mount Isa, and Longreach airports across Queensland and northern New South Wales.

VALD, a Brisbane-based musculoskeletal (MSK) health technology company, announced a significant growth equity investment from FTV Capital. The funding will support VALD’s geographic expansion, new product launches, and continued use of AI to develop applications leveraging its large proprietary MSK dataset.

Softlink Information Centres, a Volaris Group company, has acquired Aurora Information Technology (AIT), an Australian developer of library automation software including the Aurora Library Management System. Following the deal, the AIT team will join Softlink Information Centres under the leadership of Softlink’s General Manager, Sarah Thompson.

Montrose Environmental Group announced it has acquired Epic Environmental Pty Ltd, an Australia-based environmental science and engineering consultancy. Epic Environmental’s senior leadership, including founders Mark Breitfuss and Brad May, will join Montrose’s Consulting and Engineering division within its Remediation and Reuse segment. Financial terms were not disclosed.

KENT Corporation, through its subsidiary KENT Precision Foods Group, acquired Frosty Boy Global. Frosty Boy, headquartered in Yatala on Australia’s Gold Coast, manufactures dessert, beverage, savory ingredient, and powder-based wellness products, expanding KENT’s global footprint and ability to serve customers worldwide.

Bloom Equity Partners completed the buyout of RightCrowd’s Workforce Access Software and Presence Control businesses, carved out from ASX-listed RightCrowd Limited via RightCrowd Software Pty Ltd. and RightCrowd NV. The transaction was approved by shareholders on August 24, 2023 and completed in late September 2023 (reported as September 22 and September 25). RightCrowd’s remaining cybersecurity-focused unit will stay with the listed entity and be rebranded as Gathid Limited, with RightCrowd becoming an OEM partner to Gathid.

Eldridge, Brightstar Capital Partners and Claure Group signed a definitive agreement to acquire a majority stake in Ausenco, a global engineering and consulting services provider focused on the minerals, metals and energy transition markets. The stake is being purchased from Resource Capital Fund VI L.P. and other co-investors, while Ausenco co-founder Zimi Meka will remain CEO, a board member, and an investor.

Gauge Capital announced a strategic partnership and recapitalization investment in Loving Tan, a luxury sunless tanning brand founded in 2010. Loving Tan is headquartered in Brisbane, Australia and sells self-tan and related bodycare products through prestige retailers and online. As part of the investment, Gauge will appoint Hilary Daly as CEO and plans to pursue organic growth and potential add-on acquisitions.

Smartsheet acquired Outfit, a brand management, templating, and creative automation platform, to deepen and enhance its digital asset management offering, Brandfolder by Smartsheet. Smartsheet plans to integrate Outfit’s design automation and templating capabilities into Brandfolder to expand content automation for marketing and creative teams. The deal was funded with Smartsheet’s existing cash and closed upon unanimous approval by both companies’ boards.

Biotech investor Dr. Glenn Haifer and healthcare private equity firm Ampersand Capital Partners acquired Australian biopharmaceutical CDMO Luina Bio, which has been rebranded as AcuraBio. The buyers plan to invest to expand production capacity and evaluate new service offerings and technological capabilities to support biotech, pharmaceutical, and animal health customers.

Liberty Hall Capital Partners announced the acquisition of Ferra Holdings Limited by Accurus Aerospace Corporation. Ferra will join Accurus, a global supplier of engineered structural parts, complex assemblies, and electromechanical subsystems for aerospace platforms.

Constant Contact, a digital marketing platform backed by Clearlake Capital Group and Siris Capital Group, completed its acquisition of Vision6; financial terms were not disclosed. The deal expands Constant Contact’s international footprint in Australia and strengthens Vision6’s ability to support customers with email and SMS marketing software.

The Riverside Company has made an investment in EventsAIR, an events management software provider, in partnership with founder Trevor Gardiner and other members of the management team. EventsAIR, headquartered in Brisbane, provides software to manage registration, engagement, operations and communications for in-person, virtual and hybrid events, and Riverside will support international expansion and ongoing product development.

Tritium DCFC Limited completed its previously announced business combination with Decarbonization Plus Acquisition Corporation II (DCRN), a blank-check company, to take Tritium public. Following stockholder approval, the combined company’s ordinary shares and warrants were expected to begin trading on NASDAQ under the tickers DCFC and DCFCW. The transaction is intended to provide capital (along with anticipated additional funding) to support Tritium’s growth in DC fast-charging hardware and software for electric vehicles.

VHT, a provider of customer-experience software, has acquired Survey Dynamix, a Brisbane, Australia-based customer-feedback technology company. The deal enhances VHT’s Mindful customer-callback capabilities by adding real-time customer surveys to its customer experience (CX) services suite.

Meaningful Partners LLC completed a strategic growth investment in Active Apparel Group (AAG), a socially responsible manufacturer of activewear and swimwear. The investment is intended to support AAG’s expansion and accelerate growth across existing and new markets.

Dubber Corporation Limited (ASX: DUB) has acquired Notiv, a Brisbane-based developer of cloud-native AI products that turn meetings into transcribed notes, summaries, and action items. The transaction was executed via the purchase of all issued share capital of Pinch Labs, Inc., Notiv’s holding company, for aggregate consideration of approximately A$6.6 million paid in cash and Dubber shares.

Bentley Systems acquired E7 Pty Ltd, a Brisbane, Australia-based provider of field-based construction delivery software for heavy civil construction. The deal expands Bentley’s SYNCHRO digital construction delivery solution by adding E7’s mobile and web tools for daily field workflows, cost capture, and productivity reporting to enhance 4D construction digital twin capabilities.

Trinity Consultants, a portfolio company of Levine Leichtman Capital Partners, acquired Vision Environment Australia Pty Ltd. Vision Environment, headquartered in Queensland, Australia, provides water quality monitoring services for commercial dredging and other industrial activities impacting the marine environment, expanding Trinity’s environmental consulting capabilities and Australian presence.

Janus International Group, LLC, a portfolio company of Clearlake Capital Group, acquired Steel Storage Australasia to expand the global availability of Janus’ automated smart access control and self-storage building solutions. Brisbane-based Steel Storage Australasia provides self-storage design and construction solutions and related products across the Australasian market. Financial terms were not disclosed.

The Riverside Company has invested in Queensland-based Alpha-H, an Australian developer and manufacturer of premium skincare products best known for its Liquid Gold line. Riverside will partner with Alpha-H’s existing management team to support continued growth and expansion into new and existing regions.

Inverness Medical Innovations, Inc. completed its acquisition of Panbio Ltd, purchasing all outstanding shares for approximately $37 million. Panbio, headquartered in Brisbane, Australia, develops and manufactures diagnostic tests for infectious diseases, including a leading position in Dengue Fever diagnostics, which complements Inverness’ point-of-care diagnostics portfolio and supports its growth plans in the region.