Since 2015, ADENCO Water Management & Civil Engineering has been a major player in the Australian resource and commodity industries.
They have grown into the far north of WA, delivering integral water management solutions.
ADENCO’s point of difference in the Pilbara
In 2016, ADENCO secured their first major project with BHP followed by Roy Hill in 2018, and have since gone from strength to strength.
Richie Maher, ADENCO’s Commercial Director, said the company’s primary footprint in the Pilbara, servicing the iron ore industry, and having an in-house skillset with a large fleet of heavy plant and equipment has played a major role in their success to date.
“We have a skilled team of more than 150 people involved in delivering water management solutions. It’s our point of difference that we’re able to deliver these projects in-house rather than over-relying on external labour and subcontractors.’
Via ADENCO’s hub in Newman, they can service the iron ore-rich Pilbara area and all of their machinery, directly on site.
Business finance solutions for capital-intensive projects
As the company continued to expand and enjoy success, Ledge Finance was on hand to assist ADENCO with finance solutions.
“Many of the projects we work on are very capital intensive. That’s where Ledge has helped us and by working alongside us as we pitch for business, we’ve had a very high success rate.”
In 2019, Neil Ferguson, Ledge Finance Executive, supported ADENCO’s management team with a buyout.
“Neil and the team were very helpful when we required finance facilities to buy equipment quickly as well as arranging insurance premium funding and general financial advice.”
Strategic positioning for substantial growth
ADENCO’s record, ability to act nimbly and performance to date in the Pilbara made it an attractive target for global organisation RSK Australia in September 2023.
“RSK Australia showed interest in our operations, and with their focus on sustainability and an environmentally focused approach to business, our strategies aligned.”
“We give them exposure to WA mining operations where they can make a big impact, and RSK also aligns with our values and growth objectives. They’re taking a supportive approach, which allows us to continue our operations unchanged but with the support of an experienced, successful group behind us.”
We’re now strategically positioned to move forward with our plans for substantial growth as more and more projects appear in the pipeline thanks to the additional support RSK gives us.”
To explore how the team from Ledge Finance can support your business growth with equipment financing solutions, reach out to us today.
*Article previously published in Business News Book of Lists 2024. Click here to get your copy.
