M&A Deal Summary

Outback Mining Services Acquires JSW Drilling

On October 2, 2024, Outback Mining Services acquired metals/mining company JSW Drilling from Allegro Funds

Acquisition Highlights
  • This is Outback Mining Services’ 1st transaction in the Metals/Mining sector.
  • This is Outback Mining Services’ 1st transaction in Australia.

M&A Deal Summary

Date 2024-10-02
Target JSW Drilling
Sector Metals/Mining
Buyer(s) Outback Mining Services
Sellers(s) Allegro Funds
Deal Type Add-on Acquisition

Target

JSW Drilling

Perth, Australia
JSW Drilling is a production drilling company with Tier 1 customers across commodities including iron ore, gold and bauxite. JSW’s core services include: drill and blast, mineral sampling, fleet for hire and specialist drilling services. JSW Drilling was founded in 2010 and is based in Perth, Australia.

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Buyer(S) 1

Buyer

Outback Mining Services

Port Augusta, Australia

Category Company
Sector Metals/Mining
DESCRIPTION

Outback Mining Services is a provider of complete mining maintenance. Outback Mining Services specialises in maintenance, repair, and diesel fitting services for the mining and resources sector, focusing on the repair, servicing, and maintenance of plant, equipment, and vehicles. Outback Mining Services is based in Port Augusta, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Allegro Funds

Sydney, Australia

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2004
PE ASSETS 4.8B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Allegro Funds is an independent private equity firm focused on mid-sized investment opportunities in Australia and New Zealand. The Firm will consider investing in businesses needing capital for growth, management buyouts, as well as more complex turnarounds and restructurings. Allegro's target investment size is A$10 to A$100 million in transactions valued up to A$300 million. Allegro is a generalist investor, however the Firm will not invest in property development, agriculture, or mining/exploration. Allegro Funds was formed in 2004 and is based in Sydney.


DEAL STATS #
Overall 14 of 16
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
Country: Australia M&A 11 of 13
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Everest Ice Cream

Reservoir, Australia

Everest Ice Cream is a manufacturer and distributor of ice cream, gelato, sorbet and frozen desserts to the foodservice sector including ice creameries, cafes, restaurants, and institutions such as hospitals. Everest Ice Cream is based in Reservoir, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-07 Questas

Norwest, Australia

Questas is an independent, pure-play hydraulics company comprising a group of associated companies operating through a national branch network to provide hydraulic, irrigation, pump, and engine solutions to the mining, construction, agricultural, and general industrial sectors. Questas was founded in 1996 and is based in Norwest, Australia.

Sell -