During the quarter Mercury Fund twenty2 also completed an investment into Fyfe, a market-leading multi-disciplinary engineering firm that provides engineering, surveying and environmental (ESE) consulting services in Australia. Engineering, as a people-based services sector, offers capital-light exposure to increased spending on infrastructure projects.
Fyfe has three core operating divisions: Energy and Resources, Surveying and Property and Infrastructure. Fyfe is looking to increase its market share with significant opportunity for future growth.
Fyfe’s core customer base is made up of bluechip private and public organisations across natural gas, mining, property development, public infrastructure and construction. Fyfe’s customers include leading natural gas companies (Santos, Arrow Energy, Beach Energy), top-tier miners (BHP), property development businesses (Peregrine), state governments (Department for Transport SA, Department of Infrastructure, Planning and Logistics NT) and construction businesses (Sitzler, CPB Contractors).
