Street Talk

WA’s biggest road maintenance biz hires Azure Capital for sale

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 24, 2023 – 5.00am

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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.

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.