Russell Kennedy has advised the Pentarch Group on its investment into prefabricated house component construction company, Green Timber Technology (GTT).
The Russell Kennedy team was led by Principal Rory Maguire from the firm’s Corporate Advisory / M&A team, with assistance from Amity Jarvis, Senior Associate (Corporate Advisory / M&A), Jack Short, Lawyer (Corporate Advisory / M&A), and Jamila Shirzad, Lawyer (Intellectual Property).
Russell Kennedy Principal and transaction lead, Rory Maguire, commented on the success, saying: “We were pleased to advise Pentarch on its strategic investment into Green Timber Technologies, a market leader in innovative housing construction. Excited to see the growth ahead and positive impact on Australia’s sustainable and affordable housing needs.”
Pentarch Executive Director Steve Dadd, now Chair of GTT, commented as follows: “Modular and prefab construction is a growing sector which the NSW Government has identified as a solution to ease the shortage of affordable housing by providing a steady supply of cost-effective housing components. With our understanding of major capital projects and factory efficiency in softwood construction, Pentarch is positioned to propel GTT to the forefront of the prefabrication market. We already have in place supply capability with our Oberon softwood facility, close to the GTT location in Orange, NSW, and a network of stakeholders in the housing construction industry. It’s an exciting time in housing construction technology which meets an immediate challenge with our housing shortage crisis and Pentarch is proud to be a part of the solution.”
To read more about the deal, click here.
About GTT
GTT was established as part of a revolution in house construction, by fabricating walls, roofs and floors in a specialised factory to be delivered to home sites for assembly. Pentarch’s funding will enable GTT to accelerate the development of cutting-edge technologies and expand, further solidifying its position in the industry.
Further assistance:
Russell Kennedy delivers expert legal solutions and provides market-leading expertise in our sectors of focus. We are committed to making a difference for our clients, providing opportunities for our people and creating positive and lasting change within our community.
Russell Kennedy is a national firm with offices in Melbourne and Sydney, proudly in operation for more than 120 years. We presently have over 290 staff across our offices.
For more information regarding our expert Mergers & Acquisitions team, click here or contact Rory Maguire.
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