Heavy vehicle accident repair specialist, Royan Group, has partnered with The Growth Fund, a private equity firm based in Sydney.
The Royan, Andrews and Church families will continue as owners in the Royan Group, with Bill Andrews assuming the role of Chairman and David Church CEO of the Group.
"The new partnership will provide growth capital to expand our network, invest in industry leading equipment, improve the services we offer our customers and insurance partners and provide new opportunities for our staff," Royan Group said in a statement.
"In addition, The Growth Fund will provide the senior management team the support to accelerate growth and enable the business to expand into geographical markets we currently do not service."
Royan Group plans to add to its network of eight branches in Sydney, Melbourne, Brisbane, Wagga, Newcastle, Wodonga and Dandenong.
"In due course, senior management and company representatives will be in touch to reaffirm our commitment to continue to provide all our stakeholders the best quality heavy vehicle repairs possible," said Royan Group. "We look forward to continuing our tradition of 'keeping Australia’s transport on the move', well into the future."
Bede Royan founded what is currently known as the Royan Group of companies in Parramatta, New South Wales, in 1944. The Australian owned family business is reported to be the largest of its kind in the country.
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