Business
Moelis, Morgans price Maas float; raising $144m at $2 a share – The Australian Financial Review
Dubbo-based construction equipment and services company Maas Group has wrapped up cornerstone meetings and priced its initial public offering.
The company has four divisions: construction materials, civil construction and hire, property development, and and an underground equipment and services business. It manages a fleet of more than 300 construction vehicles, has 600 staff and works alongside the likes of Boral, CPB Contractors and Lendlease.
The company is led by managing director and major shareholder Wes Maas and posted $64 million EBITDA in fiscal 2020.
As part of the cornerstone meetings, funds were told that the company’s construction…
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