Agribusiness Ruralco Holdings has agreed to buy Perth-founded water management retailer Total Eden Holdings for $57.4 million from Anchorage Capital Partners.
Sydney-based industrial firm Alesco Corporation Ltd has bought the rights to the brands of Hugall & Hoile and Turf & Irrigation, as well as certain strategic assets, from the administrators of Australian Waterwise Solutions Ltd.
Perth companies Total Eden Watering Systems and Emeco Holdings aim to crank up their growth via new acquisitions after completing multi-million dollar deals with private equity funds.
RETICULATION and water management company Total Eden is planning a big expansion into the eastern states after AMP Capital Investors injected up to $20 million into the group, giving it a 65 per ce