March 2023
Rivet lenders raised concerns months before administration
Documents lodged with the corporate regulator show distressed debt fund Varde engaged EY to outline options in the event the former McAleese business collapsed.
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- Kylar Loussikian
Rivet Mining Services slides into administration
The company is part of the contracting group that emerged from the collapse of McAleese in 2017. Receivers at FTI Consulting were called in on Wednesday.
- Kylar Loussikian
December 2019
Rowsthorn's Rivet cashed up as industry consolidates
Rivet is cashed up and ready to grab its slice of the consolidation sweeping the contracting sector.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
January 2017
Mark Rowsthorn rises from McAleese ashes as CEO of Rivet
McAleese has been renamed Rivet after emerging from administration with Mark Rowsthorn staying on as CEO.
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- Jenny Wiggins
November 2016
SC Lowy pitches McAleese survival plan with Rowsthorn as CEO
McAleese would be rebranded, de-list from the Australian Securities Exchange and Mark Rowsthorn would remain as CEO.
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- Jenny Wiggins
Cranes, trucks and trailers: McAleese assets up for grabs
Trucks, trailers and lifting equipment from collapsed transport group McAleese have been put up for sale on GraysOnline.
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- Jenny Wiggins
October 2016
McAleese accounts snapshot shows $16m surplus
Collapsed transport group McAleese had a surplus of $16.3 million after it went into administration two months ago.
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- Jenny Wiggins
September 2016
ASIC concerns secure McAleese board seats for Havenfresh
McAleese shareholder Havenfresh will control the trucking group's board after CEO Mark Rowsthorn and chairman Don Telford resign as directors
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- Jenny Wiggins
Vultures vie for McAleese assets as McGrathNicol awaits Mark Rowsthorn plan
More than 70 parties have expressed interest in McAleese's assets, but Mark Rowsthorn is yet to propose a rescue plan.
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- James Thomson, Jenny Wiggins and Aron Lewin
Grant Thornton gets stuck into McAleese for SC Lowy
McAleese receiver Grant Thornton expects to recover debts owed from deals struck with SC Lowy funds.
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- Jenny Wiggins
August 2016
McAleese victim of resources slump, says CEO Mark Rowsthorn
McAleese CEO and a former BRW Rich List member Mark Rowsthorn has blamed the resources slump for the collapse of the transport group as he hit out at minority shareholders.
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- Jenny Wiggins and Sarah Thompson
McAleese collapses as recapitalisation plan falls apart
McAleese has gone into voluntary administration and its shares suspended after it failed to strike a deal to cut property rental costs.
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- Jenny Wiggins, Sarah Thompson and Ben Potter
How disaster after disaster brought McAleese down
The last two weeks provide a perfect summary of the last decade of Mark Rowsthorn's career - and none of it makes for pleasant reading.
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- James Thomson
McAleese drives close to voluntary administration
McAleese will be forced to appoint McGrathNicol as voluntary administrator if distressed debt group SC Lowy does not give ground.
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- Sarah Thompson and Jenny Wiggins
McAleese's fate in the hands of minority investors at Melbourne vote
Whether McAleese chief executive Mark Rowsthorn's can retain his grip on the transport group will be decided on Monday.
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- Jenny Wiggins
McAleese recapitalisation plan reasonable but "not fair," expert concludes
McAleese's proposed recapitalisation plan is "not fair" to minority investors but is "reasonable" because the alternative may be bankruptcy, an independent expert says
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- Jenny Wiggins
July 2016
McAleese investors prepare to delve into recapitalisation details ahead of vote
McAleese investors fighting the transport group's restructuring plan have a month to drum up support for their battle.
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- Jenny Wiggins
Asciano's John Mullen drinks to Qube's Chris Corrigan ... accidentally!
When outgoing Asciano chief executive John Mullen ordered a bottle of the 2012 Antinori Tignanello ($295) in this paper a fortnight ago, little did he know the genie that would pop from that bottle...
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- Joe Aston
McAleese investors plot alternative restructure
McAleese investors are plotting an alternative restructuring proposal that could leave up to 20 per cent of the group's equity with existing shareholders.
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- Jenny Wiggins
June 2016
McAleese's rocky road continues as investors revolt against recapitalisation plan
McAleese is pushing ahead with a restructuring deal with Hong Kong's SC Lowy, despite a revolt by some of its biggest shareholders, who oppose a recapitalisation plan.
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- Jenny Wiggins