Growth equity firm Whiteoak has acquired stakes in NSW-based engineering consulting firm MIEngineers and its sister software company Benchmark Estimating Software.Whiteoak managing director Lorcan Barden said the two businesses, both part of the privately owned MacDonald Group, would be run separately with their own management teams, strategic plans, funding and ultimately exit pathways.
Barden said Whiteoak liked the two companies’ industry tailwinds, with big infrastructure construction pipelines in Australia and internationally, and particularly in the United States. Amy-Ruth MacDonald, of the MacDonald family, would continue to run MIEngineers, while the software business is run by Sydney-based Frank Prestipino, he said.
Source: Tech Daily Report (techdailyreport.net)
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