MIEngineers and Benchmark Estimating Ltd (UK), are pleased to announce a new partnership with leading growth equity firm Whiteoak to grow our operations across Australia and the UK. Whiteoak’s investment in MIEngineers is testament to its recent substantial growth and industry tailwind in the cost estimating, design and construction services markets.
It allows us to provide our clients with an expanded service offering; without compromise to the high-quality product that is synonymous with our brand.
As well as increasing our capacity across Australia, we will now also focus on enhancing our digital capabilities, ensuring that our clients benefit immediately from new and leading technologies, systems and processes.
We understand that our clients are also entering new business trajectories as the world’s infrastructure demands rapidly evolve, and our ability to better use data will deliver world class infrastructure, in a more competitive environment.
When our management team started to consider the value of private equity, it was personally important to us that we partner with a company with values closely aligned to our own, and that we carefully consider the benefits to our own personnel as well as to our clients.
We are pleased to say that our team is excited to service a wider range of infrastructure projects and geographies and are embracing the opportunities to grow their careers during an exciting time in our industry.
We would like to formally welcome Whiteoak’s Lorcan Barden and Udhav Goenka to our newly formed Board of Directors, joining Amy-Ruth MacDonald and Rob MacDonald. Whiteoak has also made an investment in MIEngineers’ sister company, Benchmark Estimating Software led by CEO Frank Prestipino. Our companies will continue to operate separately with discrete management teams, strategic plans and funding streams however we will continue to work closely together to best serve our clients. As always, we remain available to all our valued clients to discuss how we can best deliver your core business, and l look forward to updating you during the next phase of our growth and development.