AFTER securing a host of blue chip projects in Queensland - including the Brisbane Supreme and District Courts, Lotus Glen Correctional facility, DP World Terminal development at the Port of Brisbane, and the Gold Coast University Hospital - electrical, data and communications services company Pacific Services Group (PSG) has taken on a restructure and a $10 million capital injection from existing investors to chase more top-tier work in Queensland.

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PSG interim CEO Peter White.

 

PSG interim chief executive Peter White said the financial boost would allow a restructuring and recapitalisation of the group so it could focus on further developing its pipeline of projects, while providing greater certainty for its workforce and construction clients. PSG has also reached agreement with financiers to restructure debt.

Mr White said with an annual turnover of more than $300 million, PSG employed more than 1200 people across Australia, including 280 in Queensland. He said it was evident the Queensland construction industry was now emerging from a significant period of challenge.

"This additional investment and restructure of debt is a significant vote of confidence in the company and will enable PSG to strengthen its balance sheet," Mr White said.

"The Queensland and national construction industry has been in contraction for an extended period, but the sector is emerging from a challenging period and this investment makes us well placed to capitalise on the rebound.

"While some of our competitors have not been able to weather the storm, our restructured balance sheet and low debt provides a strong platform to win further work and increase our market share by focusing on top-end projects - good news for our Queensland workforce and the local economy." 

Mr White said part of the company's future growth strategy involved a continued expansion of its involvement in the maintenance and lifecycle of buildings. The company already has some of Australia's largest companies as clients.

"We have recently moved from a manual intensive system and invested in a nationalised IT platform that automates maintenance job requests. This enables our maintenance workforce to be more responsive and give customers immediate updates so they get greater certainty that their needs are being met," Mr White said.

The company operates in a broad range of sectors including public infrastructure, defence, mining, rail, industrial, manufacturing, commercial and marine.

In Queensland, PSG is currently installing railway station electrical infrastructure on the Richland to Darra rail corridor upgrade. Recently, in the landmark $600 million Brisbane Supreme Court and District Court build, the State Government engaged PSG to design, develop and install all electrical systems.

At the $450 million expansion to the Lotus Glen Correctional facility, accommodating 700 inmates, PSG supplied and delivered electrical and communication services, while as part of the $140 million DP World Terminal Development expansion at the Port of Brisbane, PSG conducted supporting electrical work.

PSG also recently installed electrical and communications packages as part of a $1.76 billion state-of-the-art Gold Coast University Hospital infrastructure development.

 

Mr White said part of the reason for its success is that PSG has highly evolved quality assurance and safety systems and is a leader in ecologically sustainable development.

Mr White is due to complete his term as interim CEO of Pacific Services Group on September 9, when newly appointed CEO Jeff Bretz moves into the role. Mr White has been in the CEO's seat since August 2012 and a PSG board statement credited him with having "steered the company through some very difficult trading conditions and overseen the recent successful recapitalisation of the company".

Mr Bretz has extensive construction and electrical industry credentials from his experience with Silcar Pty Ltd, Tyco Australia Pty Ltd and ABB Industries in Australia, Asia and the Middle East.

http://www.psgelectric.com.au/

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Jeff Bretz takes on new CEO role at PSG.

 

RESURGENT Australian luxury boat designer and manufacturer, Riviera, has celebrated a 25 percent boost in sales at the recent Sydney International Boat Show, as well as picking up two awards.

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Riviera chairman and owner, Rodney Longhurst.

Riviera’s new 50 Enclosed Flybridge seemed to be the vessel that impressed luxury boat buyers with its world release at the show. There were multiple sales of the model among Riviera’s $14.8 million in total retail sales at the event.

Riviera’s chairman and owner Rodney Longhurst said he was extremely proud of Riviera’s achievements at the Sydney International Boat Show.

"The past 16 months at Riviera has been a true career highlight for me and it is extremely gratifying to see Riviera return to its former glory,” Mr Longhurst said. “I am proud to announce that my family settled on the purchase of Riviera’s 14-hectare Coomera property on July 8, and if the recent boat show results are anything to go by, I believe Riviera can look forward to a very bright future."

Riviera -- which just a couple of years ago was enduring a long period of Global Recession-induced decline and subsequent administration -- recorded 10 new boat sales across all models from 36 feet to 63 feet, including one 3600 Sport Yacht, one 445 SUV, three 50 Enclosed Flybridges, two 5000 Sport Yachts, one Belize 54, one 565 SUV, and one 63 Enclosed Flybridge.

"It has certainly been a very prosperous time for Riviera with $51.8 million in total retail sales recorded over the past nine weeks," Mr Longhurst said.

"It was also an honour to win two BIA awards for Best Marine Display and Best Overall Display at this year’s Sydney show.

"I commend our team of master craftsmen and designers for the huge effort they have put into creating and building our first 50 Enclosed Flybridge for world release at the show. I would also like to publicly recognise the tremendous support from our dedicated crew who worked tirelessly over the five days of the show.”

Riviera’s chief executive officer Wes Moxey said Riviera’s new models have been extremely well received.

“Riviera’s sales at the Sydney International Boat Show are up by 25 percent on last year signifying the growth that Riviera is now enjoying and we have a significant number of sea trials booked across the range so we expect this number to grow over the coming weeks,” Mr Moxey said.

"The new design features of the 50 Enclosed Flybridge really impressed boating enthusiasts at the show. The fresh approach to the Euro style interior with a very impressive accommodation plan comprises three generous and equally sized cabins and two equally large bathrooms.

"The island barbecue centre with two transom doors and the extended swim platform creates one massive entertaining deck. The all new 50 is certainly a very spacious and accommodating boat.

“With more than 58,000 visitors attending the show over the five day event, the Sydney International Boat Show has proved to be an extremely successful show for Riviera and Belize.

"Riviera has also just finished the 2013 financial year and we are pleased to announce that 55 percent of our luxury new boats were exported last year, which is a significant achievement. We can definitely see the return to confidence in both the United States and Australian markets with a large number of our recent sales bound for international ports.

"Riviera now has a very busy production schedule with our order books filled into the New Year, in fact, our forward order sales are double the volume they were this time last year, and we are actively looking to grow our production staff numbers to meet this rising demand.”

Mr Moxey said preparations are already underway for the Auckland On Water Boat Show in New Zealand in September, the Fort Lauderdale Boat Show in October, and the Gold Coast International Marine Expo in November.

Riviera is well on the way to full recovery and now offers 15 different models from 36 to 75 feet across three model series Flybridge, Sport Yacht and the new SUV collection.

In 2012 Riviera celebrated the launch of its 5000th boat, the 445 SUV, a significant achievement in the company’s rich 33-year history.

www.rivieraaustralia.com

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ECONOMIC pressure on Australian coal companies is actually sparking greater innovation within local service industries, according to WDS Energy Drilling & Completions.

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Innovation comes into play with coal industry seeing a slowdown. Image: Tourism Queensland.

WDS's general manager, Declan Rooney said the mining business landscape was undergoing enormous change because of cost pressures, but that was turning out to have a longer term effect on sustainability.

"Australia's coal industry is doing it tough and controlling costs is a top priority but there is a silver lining," Mr Rooney said.

"Miners are looking for integrated suppliers in a highly competitive market so service industries and contractors are becoming more efficient and productive.

"We have responded with the introduction of our Earth to Energy concept which offers a whole suite of world-class services, allowing them to focus on their core business."

The company has trademarked its Earth to Energy concept, which focuses on listening to customers and partnering with them to come up with cost-effective services that do not sacrifice quality, according to Mr Rooney.

"For example, we have recently introduced new drilling technologies, a seismic service and reviewed our cost structures to make sure we're supporting the miners during this tough time."

Operations manager Doug Henderson said WDS Energy Drilling & Completions found adaptation was the key to dealing with a soft market.

"Our drilling business works closely with other parts of the WDS Limited group providing pipelines, fabrication, gas drainage and field services to make sure we can offer our customers a one-stop shop," Mr Henderson said.

"We have to be able to support projects from feasibility stage through development, production and site rehabilitation.

"Value for money is more important than ever but that's pushing contractors to be astute and inventive."

WDS is an Australian integrated provider of specialist development, design, engineering, construction, fabrication and maintenance services to the resources and infrastructure sectors.

www.wdslimited.com.au

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SMILES LIT UP the faces of the Gold Coast-based Dayshelf Fire Systems team when they were announced as the Small Employer of the Year at the Australian Training Awards in Perth last week. The accolade highlighted Dayshelf’s unique training program and commitment to apprentices.

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From left are Adam Lansdown and Darren Taylor celebrating Dayshelf’s Australian Training Awards win.

 

The business, which was established in 1980 and is run by three generations of the Taylor family, has developed its own training matrix to skill staff in the niche fire services industry. About one-quarter of Dayshelf's employees are trainees.

Dayshelf Fire Systems is now one of the largest independent fire protection services companies in Queensland, with a staff of 40 and more than 800 clients across the commercial, industrial and residential sector, predominately in Queensland and northern New South Wales.

Dayshelf won the award, which recognises small enterprises that have achieved excellence in the provision of nationally recognised training to employees, ahead of Tasmanian company, Roadways, and Western Australian business, Barber Drilling.

Dayshelf Fire Systems chief operations officer Darren Taylor said it was a coup for the company to be recognised on a national level.

"To be named Australia's best small business trainer, against so many great companies right across the country, is a real achievement and recognition of the work we've put in over three decades to develop our training system," Mr Taylor said.

"The fire services industry is quite niche and there are no specific school or colleague based pathways into this area, so we developed our program to ensure our staff are always at the forefront of latest best practice.

“Fire protection systems have grown in complexity with changing industry standards, so we are focused on ensuring the knowledge of our team members increases in-line with this too.

"We have our own system that tracks and maps the training and licensing of all our staff to ensure we always deliver the highest possible standard of workmanship, giving clients the confidence their building is compliant.

"This awards process has really highlighted to us as a company just what we have achieved through this training program."

National Fire Industry Association of Queensland executive director Wayne Smith congratulated Dayshelf on its commitment to continued business improvement.

"Our mission is to partner with members like Dayshelf to build a better industry through training, quality and professionalism," Mr Smith said.

"Dayshelf is a living embodiment of this. At National Fire Industry Association of Queensland (NFIAQ), we believe by growing the character and performance of our industry, all our members, their customers and the industry as a whole win."

Dayshelf Fire Systems' commitment to training has seen the company achieve significant growth over the last 30 years, from an organisation started by local City Councillor Paul Taylor, to a company delivering large and complex projects.

It is now managed by Cr Taylor's son Darren, his grandson Zane Taylor as chief financial officer, and nephew Adam Lansdown as the director of projects.  Three employees have been with the company for more than 20 years and many others more than five years.

Dayshelf has grown from selling and servicing fire extinguishers and fire hose reels to installing and servicing fire protection systems, from water based systems to electronic and alarm based systems.

http://www.dayshelf.com.au/

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INVESTA LAND has started work on a $75 million Super Retail Group (SRG) warehouse distribution facility at its New Base Business Park at Brendale, north of Brisbane.

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Super Retail Group's brands, such as BCF and Supercheap Auto, will move into a new era of distribution throuygh a state-of-the-art new hub north of Brisbane.

SRG CEO, Peter Birtles, said the new facility was part of the group's ongoing expansion, with the goal of becoming one of the five largest retailers in Australasia, taking in brands including Supercheap Auto, Rebel, BCF, Amart Sports, Ray's Outdoors and Goldcross Cycles. About 220 people will be employed at the completion of SRG's 50,000sqm facility.

"We are pleased to make this investment in Brisbane's northern corridor, which will generate growth opportunities for SRG and our associated businesses and partners," Mr Birtles said.

"Investa has been highly supportive of our expansion needs and we look forward to further strengthening the relationship across our operations."

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Peter Birtles, Super Retail Group CEO.

About 400 jobs will be created during the construction and fitout at New Base Business Park.

The 10.5 hectare site on which the SRG hub is located has been acquired by Washington H. Soul Pattinson & Company's Australian Logistics Property Fund, which will build, own and manage the facility.

Welcoming the development, Investa Land CEO Cameron Holt said it marked a major milestone for the 85ha master planned estate, which was quickly becoming a key part of the industrial market on Brisbane's northside.

"Super Retail Group is one of Australia's top 10 corporate retailers, with its leading brands including BCF Boating Camping Fishing, Rebel and Supercheap Auto," Mr Holt said. "Since its founding in 1972, the Queensland-based group has grown to become a leading specialty retailer with operations in Australia and overseas.

"Importantly, the group was established in the same area by Reg and Hazel Rowe and we are very proud to welcome it back, at Investa's premium fully serviced business park."

Brendale's largest industrial development, the strategically located business precinct is the main industrial node servicing north Brisbane.

The site is situated within 24km of Brisbane Airport precinct and the CBD and serviced by three major arterial roads in the second-fastest growing council area in Australia, Mr Holt said.

Justin Sherlock, the development manager for New Base Business Park, said the site was perfectly suited to transport, logistic and retail distribution users such as SRG.

 "SRG is a perfect anchor tenant and demonstrates New Base's ability to attract blue-chip companies," Mr Sherlock said.

"New Base is rapidly becoming the industrial location of choice on the northside, with its range of flexible space solutions for smaller firms to major international businesses."

Super Retail Group is a Queensand Leaders partner, the orgnaisation fostering the next generation of leading companies headquartered in Queensland. Mr Birtles is also a Queensland Leaders board member.

www.superretailgroup.com.au

www.investa.com.au

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