APM set to double after Ingeus deal
WA disability employment company APM has doubled in size and expanded its footprint to 10 countries after buying a firm that was once owned by former prime minister Kevin Rudd’s wife Therese Rein.
The acquisition of Ingeus, which Ms Rein founded 30 years ago and sold to America’s Providence Service in 2014, means APM will be responsible for the employment of more than 5500 people around the world.
The Perth firm, part-owned by WA rich listers Megan Wynne and husband Bruce Bellinge, will turn over about $800 million a year after taking over Ingeus’ governmentsponsored employment programs in Britain, the US, Canada, South Korea, Germany, Switzerland, Singapore and Spain.
APM’s local operations will get bigger through the addition of Ingeus’ Australian arm, Assure Programs.
The deal is subject to several official approvals that are expected to be granted within four weeks.
Once finalised, the acquisition will make APM an internationally significant player in the welfare-towork industry, supporting more than 350,000 people.
The fast-growing sector involves employment companies assessing people for suitable jobs, rehabilitating those who are not workready and supporting them while they are in the workforce.