One of the few remaining building groups on the ASX hits the gas

Simon EvansSenior reporter

Nov 28, 2024 – 6.18pm

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The construction and equipment hire business founded by former Rabbitohs player Wes Maas has acquired three smaller rivals as it accelerates its expansion after raising $138 million.

Maas Group, which started in Dubbo two decades ago with a single bobcat and $14,000, is now worth $1.5 billion, creating significant wealth for Mr Maas, the largest shareholder.

Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide.