Operating Businesses
Medium to long term high conviction strategic investments focused on building strong businesses, with H&G providing key value-added services including operational expertise, M&A and long-term value realisation strategies.
KEY INVESTMENTS
Mountcastle
Mountcastle, established in 1835, is a leading integrated uniform specialist with a focus on the school uniform market in Australia and New Zealand.
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H&G first acquired part of Mountcastle in 1997 and has since increased ownership to 100%. The School Uniform industry in Australia is estimated at A$1bn revenue p.a. and is highly fragmented. With the acquisition of LW Reid Pty Ltd in December 2019, Mountcastle became one of the largest industry players in ANZ.
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In 2023 Mountcastle completed two accretive acquisitions, Moorebank Uniform Exchange (based in West Sydney) and Argyle Schoolwear (based in Auckland New Zealand).
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The H&G management team continues to assist Mountcastle in progressing strategic opportunities in industry consolidation, increased operational efficiencies, access to new markets, product innovation, diversified manufacturing capability, e-commerce platforms & access to cheaper equity & debt capital.
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Led by Steven Doyle (ex-Super Retail Group/Lovisa) Mountcastle continues to grow year on year, and based on the significant acquisition pipeline, aims to complete transformational M&A.
