Facilities First

Website: www.facilitiesfirst.com.au

Investment date: September 2017

Company Description

Facilities First provides facilities maintenance and cleaning services for customers at +2,500 sites across Australia.  The business provides services to customers in the government, hospitality, education, healthcare, corporate and entertainment sectors.  Facilities First directly employs over 400 staff and is headquartered in Sydney, Australia.

Investment Overview

In September 2017, Anchorage acquired Facilities First from its founder and other state-based shareholders.  Since its establishment in 1994, Facilities First has successfully expanded its services across Australia.  More recently, Facilities First strengthened its construction and maintenance service offering with the acquisition of CSG from the NSW Government.

Anchorage expects Facilities First will benefit from a simplified ownership structure and the execution of a comprehensive performance improvement program.  This program, together with increased strategic focus and investment, will leverage Facilities First’s national footprint and high-quality customer base.

Simon Woodhouse is Chairman of Facilities First and is joined on the Board by Daniel Wong.  Hayden Neeland is assisting management with the turnaround plan.

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