Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Steadfast acquires IMC

Steadfast acquires IMC through its wholly owned subsidiary NCIB

Steadfast Group Limited (‘Steadfast’) (ASX: SDF) today announced that it has acquired, through its wholly owned subsidiary National Credit Insurance (Brokers) Pty Ltd, IMC Trade Credit Solutions Pty Ltd with a normalised forecast EBITA for the current financial year of $0.8 million.

IMC is a specialist boutique trade credit insurance brokerage that was established in 2008. IMC has been a member of the Steadfast Network since July 2013. NCIB, established in 1985, is a leading specialist trade credit insurance broker in Australia with offices in New Zealand and Singapore. NCIB joined the Network when it was acquired by Steadfast in August 2013.

Mr Robert Kelly, Managing Director & CEO of Steadfast, said: “We are pleased to support NCIB acquiring another Steadfast broker. NCIB, one of the largest Steadfast owned brokers, has substantial depth of experience and a compelling product and service offering. Both IMC and NCIB specialise in credit insurance and credit risk management where we see cross selling opportunities within the Steadfast Network.”

Kirk Cheesman, Managing Director of NCIB, commented, “We are delighted that IMC has decided to join forces with NCIB. This acquisition will assist us with further growth through cross selling opportunities and product development. We look forward to building on the success IMC partners Graham Crozier and Henrik Valentin have achieved over the past six years.”

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Balance Of Trade: NZ Posts Trade Deficit In October On Falling Dairy Exports

New Zealand’s posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. More>>

ALSO:

Gigatown Winner: Plenty Of Positives For Dunedin

Although the city has taken the Gigatown title, along with new ultrafast 1Gbps broadband and funding for $700,000 worth of UFB-related initiatives across the community, Mr Cull says Dunedin has gained so much more through its involvement. More>>

ALSO:

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news