This article is from the Australian Property Journal archive
SYDNEY-based Quadrant Private Equity (QPE) has confirmed a partnership with Herron Todd White (HTW) which will see it take a majority stake in the independent property advisory and valuation company.
Operating for nearly 60 years, HTW currently has 60 offices across Australia with more than 800 staff.
HTW chief executive, Gary Brinkworth said this would mark the beginning of a “transformative era” for HTW.
“The partnership will enable our business to expand our reach, enhance technology, and invest in our people’s capabilities to continue delivering the industry-leading services to our clients for which Herron Todd White is known,” he said.
He said the alignment with QPE would “strengthen HTW’s market position, expedite its growth and development of new products and services for clients across residential, commercial, government and agricultural sectors”.
Reports in October said the deal was expected to value HTW at more than $200 million.
Gareth Woodbridge, managing partner and co-head of the buyout strategy at QPE said, “HTW has a strong brand and market position with a reputation for delivering high-quality outcomes for its customers.
“We look forward to supporting HTW by investing in people, technology and data assets, and helping to expand its capabilities through acquisitions to accelerate the company’s growth plans.
“As Herron Todd White embarks on this exciting new chapter, our goal remains to provide exceptional value to clients while staying true to the integrity, collaboration, and excellence that has defined our business for decades.”
