Infrastructure Advisory Group (IAG) is pleased to announce a significant investment in IAG by growth equity investor Quintet Yorkway.

Since its inception in 2018, IAG has grown to over 100 staff across three states and is now a leading infrastructure adviser across Australia.

Quintet Yorkway will acquire a majority shareholding alongside management, who will retain a significant interest and remain committed to the business for the long term. There will be no change to the executive leadership team, IAG staff or the service levels to clients.

“Quintet Yorkway’s investment comes at a pivotal stage for IAG as it will help us accelerate our growth plans as well as providing us with a partner with strong experience and reach in the services sector,” said Ben Dempsey, IAG Executive Director and Founding Shareholder.

“We are well placed for our next growth phase, which will be focused solely on expanding our fully integrated advisory services to the infrastructure sector.

“IAG will be a stronger business with access to capital and Quintet Yorkway’s strategic and operational experience and networks. We will continue investing in IAG as we expand our services in current markets, adjacent infrastructure sectors and across Australia, recruiting and acquiring teams of people to add to our already strong skill base.”

The founders see a strong cultural alignment with the Quintet Yorkway team, and we are particularly attracted to their strong track record and experience in people businesses where culture is key.

Quintet Yorkway’s people have run and grown businesses and we see them as more than just a financial investor.” Mr Dempsey said.

Commenting on the partnership, IAG Executive Director and Founding Shareholder, Deborah Spencer said, “Quintet Yorkway is very experienced in delivering organic and inorganic growth to businesses and will bring this expertise to IAG to underpin our continued organic growth. We look forward to finalising our five year strategic plan with Quintet Yorkway’s input.”

Quintet Yorkway’s co-founders Michelene Hart, Paul Batchelor and Douglas Farrell, will join the IAG board, alongside IAG board members Ben Dempsey, Deborah Spencer and Michael Kee.

“We are delighted to be partnering with IAG. The founders have built an excellent business, in an attractive sector, with a strong scalable business model and multiple avenues for growth,” said Michelene Hart, IAG Director and Quintet Yorkway Managing Partner and Co-Founder.

“We are impressed by the strength and experience of the management team and their focus on developing people and a high-performance culture. People and relationships are key values manifested in IAGs diversity, trusted partnerships and long-term client relationships.

“Quintet Yorkway looks forward to working with the IAG team to deliver on their growth ambitions.”

Infrastructure Advisory Group was advised by 333 Capital and Thomson Geer, Quintet Yorkway was advised by Maddocks and McGrath Nichol.