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Bhagwan's Loui Kannikoski (L) and Catalyst executive director Aaron Hood.

Catalyst invests in Bhagwan Marine

Geraldton company Bhagwan Marine is planning to expand its oil & gas services business after gaining financial backing from private equity group Catalyst Investment Managers.

Catalyst has acquired a minority interest in Bhagwan, believed to about a 40 per cent shareholding.

Bhagwan, headed by managing director Loui Kannikoski, will use the proceeds to pay down debt and prepare for future growth.

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WA revenue

25th↓Coogee Chemicals$300.0m
26th-Summit Homes Group$258.7m
27th↑Bhagwan Marine$244.0m
28th↑Lionel Samson SadleirsNFP
29th↓Fleetcare$232.2m
100 private companies - large ranked by revenue most recent financial year

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