IAG Holdings, parent company of Infrastructure Advisory Group (IAG) and portfolio company of growth equity investor Quintet Yorkway (QY), is pleased to announce specialist defence and national security advisory firm XKG and its long term partner Vrai have joined IAG Holdings Pty Ltd.
XKG and Vrai provide technology, project management, logistics, commercial, engineering, training and cyber services to clients across the defence sector.
IAG Holdings Chair and QY Managing Partner Michelene Hart commented that Defence and National Security was identified as a highly attractive adjacent growth sector.
“IAG Holdings’ investment into XKG diversifies both businesses, strengthens our collective client value proposition, provides a robust forward pipeline of work opportunities and provides a strong platform for further organic and inorganic growth,” Ms Hart said.
“The combined business increases IAG Holdings strength to over 230 employees and 12 service lines across six Australian states and territories. “The increased size and scale of the combined business will provide further opportunities to invest in business improvement, structure and systems.”
IAG Holdings CEO Isabel Sprackman said: “The national security of Australia is paramount amid an increasingly complex international security climate. We are delighted to partner with a company which is dedicated to maintaining and enhancing Australia’s national security through a diverse range of services.”
Under the terms of the deal, Vrai will merge with XKG, which will continue to operate as a separate business alongside IAG under the IAG Holdings entity. Both IAG’s, XKG’s and Vrai’s leadership teams will remain in place and stay involved with the day-to-day running of the businesses.
XKG Managing Director Dominik Kul will join the IAG Holdings’ Board of Directors and Executive Leadership Team. XKG Operations Director Mike Godfrey and Vrai Managing Director Adam Hall will also join the group’s Executive Leadership Team.
Ms Sprackman said XKG and IAG were mutually invested and strategically aligned on the importance of workplace culture and service excellence.
“Our clients will receive the same high quality outputs they have come to expect. IAG’s and XKG’s dedication to exemplary service levels remain our core focus,” she said.
“Both businesses are also conscious of their social impact, actively involved in community and industry initiatives including support of veterans, Defence charities and disadvantaged social groups.”
XKG Managing Director Dominik Kul said he was excited to embark upon the next phase of business growth as part of IAG Holdings.
“Following our success to date, XKG was seeking a suitable partner to facilitate sustainable growth following strong organic expansion since inception in 2014 and we were introduced to IAG through its principal investor Quintet Yorkway,” Mr Kul said.
“Ultimately, IAG and QY’s close alignment with our values and strong growth trajectory was a compelling reason to select them as growth partners.
“We are looking forward to collectively growing the success of the business over the coming years.”