Street Talk

Maas Group launches big capital raise to fund acquisition-led growth

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 28, 2024 – 7.20am

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The Dubbo-headquartered construction materials and equipment services giant founded by wealthy businessman Wes Maas is raising $125 million to fuel the company’s acquisition-driven expansion strategy.

The ASX-listed Maas Group is expected to launch the deal on Thursday, and has tapped Morgans Financial and Macquarie Capital to oversee the raising.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.