Steel Mains – management buyout

• Steel Mains is Australia’s leading designer & manufacturer of complete steel pipeline systems for the transportation of water & wastewater
• The core offering comprises large-diameter Sintakote® steel pipes and related fittings supplied to major water utilities, municipalities & infrastructure contractors across Australia. The core range benefits from proprietary coating & lining technology engineered for harsh & varied conditions
• Crescent Capital, which acquired Steel Mains in 2015, partnered with the incumbent leadership team to effect a management buyout of the business
• Miles was engaged to advise Crescent Capital and the shareholders of Steel Mains, managing the process through to completion
• The MBO transitions ownership & operational control to the management team, positioning the business for continued investment in capacity, product development & customer partnerships

Industry Context

The transaction reflects the sustained pipeline of government & utility investment in Australia’s critical water infrastructure, underpinned by population growth, urbanisation and long-term network renewal & replacement cycles.

Further information on this transaction is available at: Reuters Article

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