BDO advises The Energy Network on majority investment by Fortitude Investment Partners
TEN Group (The Energy Network), a leading Queensland electricity equipment supplier, has taken on a majority investment from Fortitude Investment Partners to support the next stage of TEN Group’s business growth journey.
TEN Group is a 25-year-old second-generation family business that supplies tools, equipment and line materials to energy transmission and distribution markets in Australia and New Zealand, a market expected to boom as the existing network ages and new transmission is built to address the shift of the network to renewable power.
BDO, led by Partners David Ward and David McVeigh, is proud to have advised TEN Group on the investment by Fortitude Investment Partners. BDO provided M&A lead advisory and vendor due diligence services, working closely with TEN Group’s existing lawyers, HopgoodGanim, throughout the process to its successful completion. The value of this transaction remains confidential.