GenusPlus Group's strong share market performance this month has pushed the wealth generated for founder David Riches and his family to the $1 billion mark.
Energy infrastructure specialist GenusPlus Group will spend up to $400 million to buy out Brisbane-based MPC Kinetic, in a move which will give it east coast gas exposure.
GenusPlus Group has made its largest acquisition to date, paying up to $55 million for Perth-based Railtrain Holdings to support its continued growth and diversification.
David Riches does not fit the classic mould for an ASX chief executive yet his distinctive approach has helped GenusPlus Group achieve enormous success.
The collective wealth of the top 100 richest people in Western Australia amounts to $160 billion – with 19 billionaires – Business News' Rich 100 publication reveals.
Listed contractor GenusPlus Group has picked up an additional $50 million of work under its contract with Western Power to deliver a major power infrastructure upgrade project.
Contractor GenusPlus has reported a record annual profit and flagged further strong growth in the current financial year after winning more work on energy projects.
Belmont-based GenusPlus will undertake a $65 million maintenance and upgrade program for Western Power and build a $105 million battery for Alinta Energy in South Australia.
Telecommunications-focused contractor GenusPlus Group has bolstered its exposure to the renewables market after securing a $65 million contract for the Merredin big battery.
NBN Co has awarded seven contracts worth about $3 billion for upgrades to its national network, with Ventia, Downer and Perth-based GenusPlus Group among the winners.
Belmont-based GenusPlus Group has landed an initial $42 million head contractor role for stage one work on TasNetworks' $950 million northern Tasmanian grid upgrade.
Infrastructure provider GenusPlus Group has finalised its acquisition of CommTel Network Solutions, following the effectuation of a deed of company arrangement.
GenusPlus Group has signed a binding, conditional agreement to acquire Partum Engineering for up to $16 million, a week after creditors approved its proposed purchase of CommTel Network Solutions.
GenusPlus Group has proposed a multi-million-dollar acquisition of CommTel Network Solutions, which is under administration, to expand its national footprint.
GenusPlus Group has extended its close working relationship with Western Power, after securing a significant maintenance and upgrade works program with the company.
Power and telecommunications contractor GenusPlus Group has been awarded two contracts worth $50 million from Fortescue for work on the miner's Pilbara operations.
Telecommunications and power infrastructure contractor GenusPlus Group has notched $40 million worth of work on ACCIONA's major solar farm project in Queensland.
A joint venture between infrastructure provider GenusPlus Group and ACCIONA has been awarded a $1.4 billion contract to deliver a transmission project.
GenusPlus has won a $15 million contract with Fortescue Future Industries to build a substation at the group's proposed Green Energy Manufacturing Centre in Queensland.
GenusPlus Group managing director David Riches was named First Amongst Equals at the 2022 40under40 Awards, ahead of a diverse cohort of Western Australia's young business leaders.
Telecommunications infrastructure company GenusPlus is set to acquire private Queensland business Pole Foundations Australia for an upfront $22 million in cash and shares.
Belmont-based GenusPlus Group has been named preferred supplier to Australia's first hyperscale national fibre network, with its contract worth at least $50 million.
Electrical services business GenusPlus Group has won a $40 million contract from Telstra, as part of the telco giant's move to decommission its exchange buildings across Australia.
GenusPlus Group has secured more work on Fortescue's $US250 million transmission project, having been selected to build a 98-kilometre powerline for the iron ore miner.
Belmont-based GenusPlus Group is making its second acquisition since listing on the ASX, having agreed to purchase assets from the administrators of Victoria's Tandem Corp.
Perth-based power and telecommunications company GenusPlus Group has made its first acquisition since listing on the ASX, as well as secured a $60 million contract with Rio Tinto.
