FenceWright Purchased By Leading Indigenous-Owned Organisation
FENCEWRIGHT PURCHASED BY LEADING INDIGENOUS-OWNED ORGANISATION
After seven years of impressive growth, FenceWright has been purchased by the commercial arm of the Karlka Nyiyaparli Aboriginal Corporation, Karlka Developments. FenceWright Managing Director Matthew Sivewright sees the acquisition by Karlka Developments as a perfect fit for both organisations.
“With a significant portion of FenceWright’s business taking place in the Pilbara, as well as other key regional areas, it made sense to engage with a leading indigenous commercial enterprise. The new company structure also provides many opportunities for both skilled and unskilled employment for the Nyiyaparli people, and just as importantly, it allows them to move closer to economic self-determination”
The purchase will significantly grow the existing business of Karlka Developments and provides a variety of benefits to the Nyiyaparli people, specifically in the areas of employment and training. With over 230 members that assist in the development of the Nyiyaparli people across 36,684 square kilometers of the Pilbara, Karlka Developments is focused on identifying organisations that can facilitate sustainable business prospects for their community. Another key objective of the organization is the identification of skill gaps in the community and the provision of training opportunities to fill those gaps. The organization also seeks to nurture indigenous businesses as they mature through their growth cycles. Karlka Development also works closely with a variety of mining companies with a view to enhancing the social cohesiveness for those companies employing indigenous team members. Previously the COO of NANA Australia, an Alaskan Native Corporation 100% owned by the indigenous Inupiaq people of northwest Alaska, Karlka Developments CEO John Valuri has a proven background in the creation of commercial opportunities for indigenous populations. Mr Valuri’s thoughts mirrored that of Mr Sivewright,
“We want our entire community to take advantage of the opportunities FenceWright will deliver to the Nyiyaparli people. These acquisitions allow our community to gain on-the-job experience in a range of skilled and unskilled roles. This about actively creating the future we want. To be independent and creating our own employment opportunities”
The deal also provides FenceWright with the additional capital required to reach its goal of becoming Australia’s leading national security fencing contractor, something that has driven Mr Sivewright from the start.
“I’ve never had any qualms about saying we want to be number one. We’ve come a long way since 2010, and I wanted to make sure that when the business was sold, that it would stay on a similar or even sharper trajectory”.
Although the acquisition has been completed, it’s business as usual for the company with no planned changes to the employees or management, as well as subcontractors and suppliers.