We are pleased to announce that Greenwich has further expanded its investment portfolio with the strategic acquisition of 24/7 Fuels, a leader in onsite refuelling and bulk delivery of fuel products based in Sydney. Partnering with Conplant Pty Ltd (Conplant), Australia’s leading compaction equipment specialist, the partnership brings together a unique combination of financial expertise and deep operating capabilities.
Jonathan Warrand (Managing Director, Greenwich): “This is the start of a new journey for Greenwich investing in the industrial distribution sector and partnering with Conplant, a leading Australian rental company. While this is our first partnership with Conplant, we have known them for over three years and have built a strong trusted relationship in that time.”
The partnership’s collective vision will see:
– Greenwich brings its capabilities to focus on strategy, capital and governance to effectively support 24/7 Fuels in its next stage of growth.
– Conplant’s deep operating capabilities leveraging to further enhance the company’s fleet, optimise operational processes, and meet the evolving demands of a growing customer base. Conplant’s comprehensive knowledge of the compaction equipment market and its extensive network within the industry can facilitate strategic partnerships and collaborations for 24/7 Fuels.
The partnership’s combined capabilities create a strong competitive advantage, to enable 24/7 Fuels to expand its services and explore new markets across Australia. As a successful and efficient operator, the partnership’s interim focus is to minimise disruption to the business and continue to maintain its high customer satisfaction rates.
Over the short to medium term, there are options to grow 24/7 Fuel’s offering through geographical expansion into underserved regions as well as increasing and enhancing the truck and storage tank fleet.
Ian Coleman (Managing Director, Conplant), summarised the opportunity well, noting the following:
“24/7 Fuels is a fantastic business. It has an entrenched customer service focus that has seen the business grow and thrive. We’re proud and excited to be partnering with Greenwich, a partnership that will see 24/7 Fuels continue to grow and expand its offering for 24/7 Fuels current and future customers ”.
About 24/7 Fuels
24/7 Fuels Pty Ltd is a leading industrial distribution group based in Sydney, Australia. Established in 2016, the company is a trusted provider of onsite refuelling and bulk fuel delivery services to major infrastructure projects, critical infrastructure facilities, and diverse industries across NSW.