WA’s biggest road maintenance biz hires Azure Capital for sale
Family-owned KEE Group, one of Western Australia’s largest players in road maintenance, has drafted in Azure Capital to help find a cashed-up capital partner to fuel its growth ambitions.
Street Talk understands KEE Group’s owners, Clayton Spiers and Damon Spiers, have been working with Azure to prepare a sale process, hoping to capitalise on big spending in the resources sector and on the state’s infrastructure projects.
It is unclear if the Spiers brothers would look to exit in full or retain a stake. The company did not respond to Street Talk’s request for comment on Thursday afternoon.
David Cox-run KEE Group KEE Group has its roots in Australia’s earliest days, with the Spiers family lineage in the transport industry dating back to 1889. AFR
The duo founded the business 15-years ago as a transportation specialist, continuing their family’s long association with the sector. But they’ve since branched out into several allied sectors, including equipment hire, surfacing and fuelling, and are exposed to growing pipeline of work, including via government contracts.
Its equipment hire division offers 600 heavy machinery items like compaction rollers, excavators, dump trucks, water trucks and wheel loaders. KEE Surfacing deals with asphalt services, including profiling and spray sealing. The KEE Fuel division provides on-site discounted fuel to machinery stationed at remote construction sites.
Then there’s the family’s original trade, 24/7 transportation services, which owns a fleet that can handle loads of up to 250 tonnes.
It services most of WA out of its three locations in Perth’s Welshpool, Albany and Port Hedland. It has worked for the likes of ASX-listed Downer EDI in profiling rail formation for Rio Tinto rail
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