IPO of MAAS Group Holdings Limited

MAAS Group Holdings Limited (ASX: MGH) engaged BDO to perform the Independent Accountant, Independent Tax Adviser and Auditor roles for its Initial Public Offering on the Australian Securities Exchange (ASX).

As a leading independent Australian construction materials, equipment and services provider, MGH has exposures across the civil, infrastructure, mining and real estate markets.

MGH operates a vertically integrated and diversified business model in Australian key growth markets, with a strong presence in regional areas, and has an emerging international presence.

The company completed its listing of shares on the Australian Securities Exchange in December 2020, raising gross proceeds of $146 million (comprising both a primary and secondary offer), with an implied enterprise valuation of $608 million on listing.