A South Australian full-service construction/engineering contractor has bought a Victorian construction company in a bid to expand further interstate.
The fifth-generation family-owned Ahrens company has acquired Vaughan Constructions, another family business, for an undisclosed sum.
The move comes in the wake of two other acquisitions by Ahrens earlier this year: Farrelly Construction Services, and ABFI Steel Group, according to InDailySA.
Acquiring Vaughan Constructions will enable Ahrens to own large-scale construction projects in excess of $100 million such as multi-storey warehousing projects in Victoria and NSW.
This latest purchase has helped Ahrens crack the one billion dollar mark in sales after 123 years in business, and now employing almost 2000 people.
Vaughan Constructions will continue to operate under its own brand, with CEO Luke Stambolis and the management structure remaining in situ.
“Together [with Ahrens], we have the scale, sustainability and integrated resources to deliver innovative projects, transfer knowledge internally, strengthen supply chains and expand into overseas markets,” Mr Stambolis stated.
Image: Ahrens undertook the design, procurement, installation and commissioning of Boral’s entire dry mix plant in Maldon NSW, south-east of Sydney.
About the author
Desi Corbett
Desi is the Editor of Concrete in Australia, at the helm since December 2013, and our weekly news writer since 2016. Focused on concrete and construction for more than 11 years, her expertise in this field forms part of a journalism career spanning three decades. To get in touch please email desi@corbettcomms.com