Acquisitions in Victoria, Australia

Assurant, Inc. acquired RL Circular Operations and related subsidiaries, the reverse logistics division of TIC Group (formerly TIC Reverse Logistics). The acquisition strengthens Assurant’s Connected Living platform in Asia-Pacific by expanding returns management, device lifecycle services, and asset recovery capabilities across Australia and New Zealand.

HR Path, a global HR consulting and HRIS solutions provider, has acquired Australia-based RKM Consulting, a specialist in advising on and implementing HRIS solutions including SAP SuccessFactors. The deal expands HR Path’s presence in Australia and New Zealand and strengthens its capabilities in the SAP HCM market; RKM will continue operating under the brand “RKM Consulting, an HR Path Company,” with leadership and employees remaining in place.

Teladoc Health acquired Telecare, an Australian tech-enabled provider of specialist and allied health care delivered virtually, to expand access to virtual specialist care across Australia’s public and private health systems. The deal closed on August 8, 2025; financial terms were not disclosed, and Telecare will continue operating under its brand led by its existing founders and management team.

Allegion plc, through a subsidiary, acquired Nova Hardware Pty Ltd (Novas), an architectural door hardware business based in Victoria, Australia. Novas designs and sells mechanical and electronic locks and related door hardware for Australian multifamily and commercial markets; transaction terms were not disclosed. The deal excludes Novas’ kitchen and bathroom businesses, which will be retained by owner Todd Foster and formed as a separate entity.

Cadwell Industries, Inc. announced a strategic investment in Seer Medical, a Melbourne, Australia-based company focused on home-based epilepsy diagnostics. The investment was made in partnership with investors Breakthrough Victoria and TrialCap and will support integrating Seer Medical’s long-term home video EEG technology with Cadwell’s existing EEG portfolio.

TPG has made a strategic investment to fund the continued growth of Five Good Friends, acquiring a majority interest in the Melbourne-based, technology-enabled home care provider. Co-founders Simon Lockyer and Nathan Betteridge will retain significant interests and continue leading the business, while EQT will retain a minority stake.

K-Sport, an Italian sports performance monitoring technology company, completed the acquisition of a 67% stake in Australia-based SPT (Sport Performance Tracking). The deal brings SPT into the K-Sport group to expand global reach—particularly across Australia, the United States, and Asia-Pacific—and integrate K-Sport’s AI-driven soccer analytics technology into SPT’s product offerings.

Cold Chain Technologies (CCT) acquired Global Cold Chain Solutions (GCCS), a provider of passive cold chain thermal assurance solutions with manufacturing operations across Australia and India. The deal expands CCT’s Asia Pacific footprint and capabilities serving temperature-sensitive life sciences shipments. Financial terms were not disclosed.

Penguin Random House Australia has signed an agreement to acquire Melbourne-based Text Publishing Company, with the deal including all of Text Publishing. Text Publishing will join Penguin Random House while operating under a charter of independence that allows it to retain full publishing control.

Penske Automotive Group, Inc. has completed the acquisition of Porsche Centre Melbourne in Melbourne, Australia from Porsche Retail Group Australia Pty Ltd. The dealership becomes Penske Automotive Group’s 25th Porsche dealership worldwide and is expected to add approximately $130 million in annualized revenue.

Aryza acquired Axcess Consulting Pty Ltd, an Australian-headquartered provider of loan management software serving financial services clients across multiple regions. Backed by Pollen Street Capital, Aryza expects the deal to expand its APAC presence and enhance its end-to-end credit and debt lifecycle software offering through cross-selling and product innovation.

EQT, through the BPEA EQT Mid-Market Growth Partnership (MMG Fund), signed definitive agreements to invest in Compass, a K-12 vertical SaaS school management platform. The investment is intended to support Compass’ ongoing growth, product development, and innovation as it expands in Australia and internationally. As part of the transaction, existing investor Advent Partners will exit its investment in Compass.

HammerTech, a construction safety software company headquartered in Melbourne, raised a US$70 million growth investment led by Riverwood Capital to accelerate global expansion and product innovation. The funding will support R&D, including integrating AI into HammerTech’s safety intelligence platform for contractors, and Riverwood will gain board representation while existing investor Arrowroot Capital remains a shareholder.

Broadcast MAP, a Volaris Group company, acquired AudioNET, a Melbourne-based developer of cloud-based software serving Australia’s radio and advertising sectors. AudioNET’s products (including RadioMATRIX, Dispatch, and Audio Verification) will join Broadcast MAP, with the team continuing to operate from Melbourne and co-founder Dave Cox joining Broadcast MAP’s management team.

Accenture has acquired The Lumery, a Melbourne-based marketing technology (martech) consultancy. The deal will bolster Accenture Song’s marketing transformation capabilities in Australia, expanding offerings such as personalization, CRM and loyalty, testing and experimentation, and automation. Financial terms were not disclosed.

A North American investor consortium comprising Paine Schwartz Partners, Driscoll’s Inc., and British Columbia Investment Management Corporation acquired Costa Group following shareholder approval of an offer of $3.20 per share and Costa’s delisting from the ASX. Costa Group is a global horticultural company and Australia’s leading grower, packer, and marketer of fresh produce, with operations spanning multiple countries.

Bona AB announced the acquisition of Ezi Floor Products (VIC) Pty Ltd (EFP), a Melbourne-based distributor and long-time exclusive importer and national distributor of Bona products in Australia. The deal, formalized in February 2024, makes EFP a wholly owned subsidiary and part of the Bona Global Network, supporting Bona’s expansion in Australia and the broader APAC region.

L'Oréal completed its acquisition of luxury beauty brand Aesop, following terms previously announced on April 3, 2023. The transaction brings Aesop into L'Oréal’s Luxe Division, after a period of ownership under Natura &Co.

Marsh, a business of Marsh McLennan, reached an agreement to acquire 100% of Honan Insurance Group Pty Ltd, a specialist insurance broker focused on corporate risk, employee benefits, and strata/real estate insurance. The deal includes the 80% stake held by majority shareholder TA Associates, and is expected to close later in 2023 subject to regulatory approvals; financial terms were not disclosed.

Bluestone Equity Partners made a growth equity investment in PMY Group, an international venue, events and infrastructure technology solutions firm. The transaction represents PMY’s first institutional capital raise since inception and will support the company’s continued growth and international expansion, including plans to relocate its global headquarters from Melbourne to the United States.

Stonepeak and Spirit Super completed the acquisition of GeelongPort Pty Limited, a diversified landlord port located in Geelong, Victoria, Australia. Stonepeak acquired a 70% majority stake on behalf of its managed funds and accounts, while Spirit Super took a 30% interest.

Descartes Systems Group acquired the assets of Localz for approximately US$6.2 million in cash. The acquisition adds Localz’s day-of-delivery customer engagement platform—real-time vehicle tracking, scheduling, and notifications—to Descartes’ final-mile delivery solutions. Localz is headquartered in Melbourne, Australia.

Endava (NYSE: DAVA) acquired Lexicon Digital Pty Ltd and Lexicon Consolidated Holdings Pty Ltd (together, “Lexicon”), a technology consulting, design and engineering firm headquartered in Melbourne, Australia. The deal strengthens Endava’s presence in Australia and adds a nearshore delivery location in Vietnam (Ho Chi Minh), complementing Endava’s existing Asia-Pacific operations.

CI&T (NYSE: CINT) completed the acquisition of Transpire Technology Pty Ltd, an Australia-based digital product agency headquartered in Melbourne. CI&T paid AUD 23.4 million (USD 16.4 million, subject to customary adjustments) to expand its presence in Australia and the broader APAC region, adding roughly 100 digital specialists to its team.

MoxiWorks, a real estate technology platform and a portfolio company of Vector Capital, acquired ActivePipe, an AI-driven lead nurturing and marketing automation platform for real estate professionals. ActivePipe, founded in 2014 and headquartered in Melbourne, Australia, supports more than 2,500 brokerages and more than 40,000 agents across multiple countries. Financial terms were not disclosed.

Docebo Inc., an AI-powered learning suite provider, has acquired its value-added reseller (VAR) partner Skillslive. Skillslive is an educational consulting agency based in Melbourne, Australia, and the deal is intended to expand Docebo’s footprint in Australia and accelerate its time-to-market and growth across the Asia-Pacific (APAC) region.

AMCS has acquired Utilibill, an Australian-based cloud utility billing software company, for an undisclosed amount. The deal expands AMCS’s capabilities and presence in the global water and energy utility sector, complementing its strategy around sustainability and net-zero initiatives.

Livingbridge has announced an investment in Waste Services Group (WSG), an Australian provider of managed waste services and waste collections for businesses. The investment is intended to support WSG’s continued organic growth and strategic expansion across Australia, with an increased focus on sustainability and ESG outcomes. Ares provided a unitranche debt facility to support the transaction.

MRI Software acquired Melbourne-based LeaseEagle, a provider of commercial property lease management software for tenants. The acquisition expands MRI’s PropTech suite with cloud-based lease accounting compliance and reporting capabilities supporting standards such as IFRS-16 across multiple tenant sectors.

The Riverside Company invested in Nabenet, a provider of injury management and occupational rehabilitation services in Australia. The investment is an add-on to Riverside’s allied health services platform, Altius Group Holdings (Altius). Financial terms were not disclosed.

BioAgilytix Labs, LLC, a portfolio company of GHO Capital Partners LLP, acquired Australia-based 360biolabs after receiving Australian FIRB approval and also signed/announced the acquisition of US-based MicroConstants. The deals expand BioAgilytix’s global bioanalytical and clinical trial support footprint and add complementary virology, immunology, and LC/MS/MS small-molecule capabilities; MicroConstants China was explicitly excluded from the transaction.

Xponential Fitness, Inc. acquired Body Fit Training (BFT), an Australia-based fitness franchisor, for $44 million funded with cash on hand and debt under its existing senior secured loan facility. As part of the deal, Xponential acquired all of BFT’s intellectual property and expects to enter into a master franchise agreement with BFT’s founders to support studios across Australia, New Zealand, and Singapore while expanding the brand in the United States and Canada.

Uptick, an Australia-based provider of field-servicing software for building compliance, received a strategic growth investment from Accel-KKR. The funding will support Uptick’s international expansion, customer success capabilities, and acceleration of its product roadmap, with founder and CEO Aidan Lister remaining in leadership and as a major shareholder.

Multi-Color Corporation (MCC) announced the acquisition of Melbourne, Australia-based Herrods, a leading provider of in-mold label (IML) solutions in Australia and New Zealand. The deal expands MCC’s in-mold labeling network and strengthens its Asia-Pacific growth platform, while Herrods will continue operating under its existing brand and leadership team. Financial terms were not disclosed.

Thryv Holdings, Inc. announced it has closed its approximately $200 million cash acquisition of Sensis Holdings, an Australian digital marketing and directory services provider. Sensis was acquired from Platinum Equity and Telstra Corporation Limited, and will serve as the foundation for Thryv's expansion in Australia.

Titan Cloud Software acquired Australian wetstock management and forecourt automation provider Environmental Monitoring Solutions (EMS). The acquisition expands Titan Cloud’s portfolio of wetstock management and environmental compliance solutions and supports its expansion in non-U.S. markets, particularly across Asia Pacific and Europe. Financial terms were not disclosed.

ABC Financial acquired GymSales, an international provider of fitness sales management tools, to expand ABC’s holistic club management and member acquisition capabilities. GymSales will be offered as “GymSales powered by ABC,” enhancing lead capture, nurturing, conversion, and upsell management for fitness club operators. ABC Financial is a portfolio company of Thoma Bravo.

TA Associates signed a definitive agreement to make a strategic growth investment in Honan Insurance Group, a commercial insurance broker. Honan’s management team will continue to lead the business and remain shareholders alongside TA Associates, with the transaction expected to close in the second half of 2020 subject to customary approvals.

Navis, part of Cargotec Corporation, entered into an agreement to acquire the assets of Biarri Rail, a provider of planning and scheduling optimization software for freight railroads. The transaction is expected to close by the end of February 2020 and will expand Navis’ inland/intermodal rail software capabilities by adding Biarri Rail’s SaaS platform and domain expertise.

Accenture has completed its acquisition of Analytics8, a privately held Australian big data and analytics consultancy, making it a wholly owned subsidiary. The deal is intended to strengthen Accenture’s AI-powered data and advanced analytics capabilities for clients across Australia and New Zealand; financial terms were not disclosed.

DexKo Global Inc. signed an agreement to acquire Preston Chassis Industries Pty Ltd. (PCI) through its wholly-owned Australian subsidiary AL-KO International Pty Ltd. PCI is an Australian manufacturer of caravan and trailer chassis, and the deal is subject to customary conditions and regulatory approval; financial terms were not disclosed.