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Karlka Developments chair Natalie Parker (left) with FenceWright CEO Matthew Sivewright and Karlka boss John Valuri.

Aboriginal group buys fencing contractor

Karlka Developments is set to more than double its annual turnover to $35 million after acquiring Perth company FenceWright for an undisclosed sum.

Indigenous-owned Karlka, established in 2012, is the commercial arm of the Karlka Nyiyaparli Aboriginal Corporation, which represents the Nyiyaparli people of the east Pilbara.

It places a focus on training and employment, and generates about $15 million in annual turnover through its subsidiary organisations and joint venture partnerships across the areas of facilities management and recruitment.

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Comments

Perth
Awesome news and a great example for future opportunities. Let's hope it's the first of many such ventures.

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3rd↓Marra Worra Worra Aboriginal Corporation$22.8m
4th↑Nirrumbuk Aboriginal Corporation$20.8m
5th↑Karlka Nyiyaparli Aboriginal Corporation$20.5m
6th-YMAC$20.5m
7th↑Ashburton Aboriginal Corporation$17.8m
51 indigenous corporations ranked by total revenue - this year

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