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Allegro’s Questas nabs Swanson Industries, two more deals Save Share 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.

Vincent mundyChester moynihanKede carboniSwanson industriesSwanson industries australiaQuestas groupMeadow industriesAllegro funds backedHunter based swanson industries australiaவின்சென்ட் முண்டிசெஸ்டர் மாய்நீஹாந்ஸ்வான்சன் தொழில்கள்ஸ்வான்சன் தொழில்கள் ஆஸ்திரேலியாபுல்வெளி தொழில்கள்வேட்டைக்காரன் அடிப்படையிலானது ஸ்வான்சன் தொழில்கள் ஆஸ்திரேலியா