McAleese re­born as Rivet

Owner Driver - - News -

McAleese may have col­lapsed, but it has been res­ur­rected as a three­seg­ment group un­der the name Rivet.

The ser­vices are heavy haulage, spe­cialised trans­port, lo­gis­tics and lift­ing, and the seg­ments are Rivet Min­ing Ser­vices, Rivet En­ergy and Re­fuel In­ter­na­tional, ac­cord­ing to the new Rivet web­site to which the pre­vi­ous McAleese web ad­dress leads.

Th­ese cor­re­spond roughly to the main ser­vices res­cued from its pre­vi­ously listed in­car­na­tion.

Mark Row­sthorn is the MD and CEO, while Philip Tonks is chief op­er­at­ing of­fi­cer. Tonks was the McAleese re­align­ment project di­rec­tor who be­came its Oil and Gas Di­vi­sion gen­eral man­ager. He was with Toll and As­ciano pre­vi­ously.

The devel­op­ment fol­lows deals over deeds of com­pany ar­range­ment ( DOCA) that were agreed to be­fore Christ­mas.

There is no men­tion of line­haul or gen­eral freight, the di­ver­si­fi­ca­tion McAleese un­der­took two years ago when buy­ing WA Freight Group.

It is un­der­stood WA Freight Group was a go­ing con­cern as part of the pre- Christ­mas ne­go­ti­a­tions.

Re­fuel In­ter­na­tional is the for­mer Sun­shine Re­fu­ellers and was not part of the DOCA process.

The avi­a­tion re­fu­el­ing ve­hi­cles and sys­tems de­vel­oper based in the Mel­bourne sub­urb of Sun­shine ex­ists in the new firm un­der the new name.

The Aus­tralian Fi­nan­cial Re­view quoted ad­min­is­tra­tor McGrathNi­col as con­firm­ing the re­struc­tur­ing was com­plete ahead of time, and that it had been a “very ef­fi­cient process with a good out­come”.

The news­pa­per states that the heavy haulage and lift­ing busi­nesses would not be kept.

But the Rivet web­site con­tains a re­lated im­age and Rivet Min­ing Ser­vices sec­tion in­cludes them.

“Our new op­er­at­ing struc­ture pro­vides us with the abil­ity to di­ver­sify our of­fer­ing (com­mod­ity, cus­tomer, geog­ra­phy) as we now have the abil­ity to part­ner and of­fer ad­di­tional value added ser­vices such as crane hire, heavy haulage ser­vices, fu­els, road main­te­nance, stock­pile man­age­ment, quarry ser­vices,” it says.

McAleese – gone but not for­got­ten

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