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Allegro's Questas nabs Swanson Industries, two more deals


Allegro’s Questas nabs Swanson Industries, two more deals
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Allegro Funds-backed hydraulics and water brands owner Questas Group has bolted on three hydraulics services businesses, including $70 million a year Swanson Industries Australia.
Allegro Funds co-founder and Questas director Chester Moynihan said his private equity firm had set out to back company founder Kede Carboni and management to grow the business when it took a majority stake in June 2019.
Questas’ brands design, make and repair hydraulics used in heavy industrial equipment, as well as water pumps and irrigation systems.  
Vincent Mundy
Part of the growth strategy includes M&A, which has been realised recently. Questas has acquired Hunter-based Swanson Industries Australia from its offshore parent, as well as hydraulics businesses Meadow Industries (also in NSW) and Queensland based Nordon Cylinders. ....

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