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Brad Rogers says the deal will open up a range of new opportunities for the business. Photo: Attila Csaszar

Bis in $1bn debt-for-equity deal

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

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Bis

Revenue

14th↓John Hughes Group$483.0m
15th↑Ertech$434.2m
16th-BisNFP
17th↑PindanNFP
18th↓VGW Holdings$349.5m
123 private companies - large ranked by revenue most recent financial year

Employees

1st-Toll Group2,000
2nd-QUBE Holdings1,500
3rd-Bis1,300
4th-CTI Logistics934
5th↑Centurion910
80 trucking & logistics ranked by total number of WA staff (including long term contractors)