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gbf.com.au

Founded Year

1988

Stage

Acquired | Acquired

Valuation

$0000 

About GBF Group

GBF Group is a private underground mining contractor.

GBF Group Headquarter Location

Level 1, 460 Roberts Road

Subiaco, Western Australia, 6008,

Australia

61 (08) 6382 4000

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GBF Group Patents

GBF Group has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/28/2016

5/29/2018

Garage door openers, Sensors, Home automation, Garages (residential), Garage door opener manufacturers

Grant

Application Date

9/28/2016

Grant Date

5/29/2018

Title

Related Topics

Garage door openers, Sensors, Home automation, Garages (residential), Garage door opener manufacturers

Status

Grant

Latest GBF Group News

Macmahon buys underground contractor GBF

Jun 18, 2019

Derek Rose, Australian Associated Press June 18, 2019 1:25am Mining services firm Macmahon has purchased WA underground mining contractor GBF Group for an up-front component of $48 million in cash and assumed debt. Macmahon chief executive Michael Finnegan said his firm had a strong surface mining division and the acquisition would help it scale its underground contracting business, helping clients who just want to deal with one contractor for the life of a mine. "There are also potential synergies to be realised as the two businesses are combined, but growth is the key driver of the transaction," Mr Finnegan said. GBF founders Michael Foulds and Ross Graham will continue in the business with the possibility to receive earn-out performance payments. The pair founded the company in 1988 to service the WA goldfields. GBF employs 450 people and its brand and key personnel will be retained, Macmahon said. This financial year GBF is forecast to generate $180 million in revenue and $20 million in earnings before interest, tax, depreciation and amortisation. The acquisition is expected to be earnings per share accretitive immediately, Macmahon said. At 1100 AEST, Macmahon shares were unchanged at 19.5 cents.

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