Anacacia backs Australian industrial consulting business

The size of the transaction was not disclosed. It comes from Anacacia's third fund, which closed at the hard cap of A$300 million ($225 million) last year and targets profitable companies with revenue of A$20-200 million.

Established in 1994, Root Partnerships has a team of over 90 that has worked on projects involving Melbourne Airport, the Joan Sutherland Theatre at Sydney Opera House, Sydney's Museum of Contemporary Art, the University of Melbourne, and the Australian War Memorial.

The company serves a range of government and private sector clients, providing advisory services such as feasibility studies, strategic and operational studies and grant submissions. It also takes responsibility for project management, overseeing design, procurement and construction, as well as superintendence and contract administration.

Root Partnerships' workload has more than doubled in size over the past five years and Anacacia will support the continued expansion of its footprint in the infrastructure and property sectors. Founder Peter Root will remain involved as managing director, with the incumbent CEO, COO and executive chairman also staying in place.

"There is a large infrastructure pipeline in Australia. Root Partnerships has a demonstrated reputation for quality advice and projects. We are excited to partner with such an experienced team. The glowing feedback from key clients, staff and their track record impressed us," Jeremy Samuel, a managing director at Anacacia, said in a statement.

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• Topics
• Australasia
• Buyouts
• Support services
• Real estate
• Infrastructure
• Australia
• Anacacia Capital
• professional services