Failed transport company McAleese has put truck loads of assets up for auction.
Failed transport company McAleese has put truck loads of assets up for auction. GraysOnline

Former McAleese boss back on top after acquisition

UPDATE 4.40pm: FORMER McAleese part-owner and Mackay resident Keith Price has been put in charge of Centurion's heavy haulage operations after the West Australian company bought the collapsed company's assets.

The acquisition of McAleese Heavy Haulage puts Mr Price in charge of the largest heavy haulage provider in Australia.

According to a company announcement today, the acquisition is for McAleese's assets, including premises.

Centurion chief executive Justin Cardaci said the company wanted to continue servicing existing and previous McAleese customers under the Centurion banner, targeting industries nationally that depend on the reliable and safe movement of large equipment, including mining, energy, infrastructure and construction.

"McAleese heavy haulage was once a highly successful business in its own right and we believe once we have transitioned these assets to Centurion there is plenty of scope to re-establish this success.

"We have appointed former McAleese part-owner Keith Price, who successfully ran the business until it listed, to be in charge of Centurion's heavy haulage operation.

"This is an exciting opportunity and we look forward to capitalising on our new status as the largest heavy haulage provider in Australia, providing flexible and reliable solutions for all our customers,” Mr Cardaci concluded.

So far, there is no information about what this will mean for McAleese in Mackay after receivers McGrathNicol announced the closure of operations last month.

McAleese Group went into receivership on August 29.

INITIAL: WESTERN Australian haulage company Centurion is now a national player following its acquisition of the McAleese Heavy Haulage fleet.

According to a statement, the company has taken a strategic step to expanding its business nationally by purchasing the entire heavy haulage trailing fleet of collapsed McAleese Limited.

The acquisition, for an undisclosed amount, will complement Centurion's existing heavy haulage business and make it the largest heavy haulage service provider in Australia.

Through the transaction Centurion has also entered into an agreement on premises, giving it a foothold in the heavy haulage market across four states - Queensland, South Australia, Victoria and Western Australia.

Centurion's intent is to be fully operational by January 2017.

Centurion chief executive Justin Cardaci said the purchase of the McAleese fleet was strategically sound, aligned with the company's strength in the resources sector and provided Centurion with a unique opportunity to expand.

"As a well-established and trusted Western Australian company, with more than 45 years experience in the transport and logistics arena, including heavy haulage, we have the capability to run a successful national business,” Mr Cardaci said.

"Centurion is a financially strong and stable business that understands the industry. This asset purchase will give us the platform to access new markets and grow our business nationally.”



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