Quinn has thrown in the Sydney life and headed to Brisbane where he’s running one of Australia’s only fully vertically integrated fresh juice businesses, Grove.
Grove has more than $120 million worth of land and water out near Moree, in NSW, and is only a short drive from Quinn’s hometown of Mungindi on the NSW/Queensland border. Grove has spent the past few years converting its land from cotton country into citrus farms, fast becoming the largest valencia orange producer in Australia and processing the oranges at its juice facilities in Warwick and Brisbane.
Cotton farmer Dick Estens started the business, and recruited Quinn to run it as part of his succession plan.Grove, owned by individuals including Estens and Quinn, is now kicking off a capital partner search to help fund the rest of its mooted development. The company’s understood to be seeking to raise about $50 million at a valuation north of $150 million, in a deal we expect to see Quinn show to a bunch of his old clients including Roc Capital, Aware Super and PSP.“I want to help continue the amazing momentum the firm has had in the food and agribusiness space,” he told Street Talk on Tuesday, saying he handed the reins to Jaclyn Hope and Kosta Kangelaris.
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