Initial Public Offering for Mader Group (MAD)

Mader Group (ASX:MAD) is a Western Australian mining maintenance business founded in 2005 in the North West region of the Kimberley by Luke Mader, a former diesel mechanic.  The business employs over 1,000 staff and operates as a mobile and fixed plant equipment specialist, servicing civil and mining industries around the world. The company has gone from strength to strength recently, named the Future of Mining’s 2019 Mining Contractor of the Year, successfully completing a $50 million sell down and opening on the Australian Securities Exchange as the largest WA-based listing in four years, up 14% on its first day of trade. The company has a market capitalisation over $200 million and forecast revenue expected to reach $279 million in the year ahead with a focus on international growth.

BDO was engaged by Mader Group to perform the Independent Accountant, Tax Advisor and Auditor roles for their IPO on the Australian Securities Exchange.