Australian Road Express, Rivet Mining go into administration

By: Anjali Behl


Receivers in executive control of two new business arms of now-defunct McAleese

Australian Road Express, Rivet Mining go into administration
Australian Road Express and Rivet Mining Services are two separate business divisions under the Rivet Group.

 

Haulage companies Australian Road Express and Rivet Mining Services have entered administration as of 5pm yesterday.

The companies are two separate business divisions under the new incarnation of the now-defunct McAleese business, the Rivet Group.

Rob Kirman, Rob Smith and Anthony Connelly of McGrathNicol have been appointed receivers and managers, while Andrew Cummins, John Carrello and Peter Krejci of BRI Ferrier have been appointed as voluntary administrators of the two companies and their respective subsidiaries that include:

  • Australian Road Express Pty Ltd and its subsidiaries including, Jolly’s Transport Services and Jetstyle Express (together referred to as the ARX Group)
  • Rivet Mining Services East Holdco Pty Ltd and its subsidiaries including, Rivet Mining Services East Holdco Pty Ltd, Rivet Quarries Pty Ltd, Rivet Mining Services (NSW) Pty Ltd, and Rivet Mining Services (QLD) Pty Ltd (together referred to as the RMS East Group).

While the administrators have not yet confirmed the circumstances that led to this move, ATN understands creditors were appointed following requests from directors of both companies yesterday.

ARX was based on the former WA Freight Lines business.

Operations are believed to be running as normal across all affected businesses as the administrators carry out "urgent" appraisals of all the entities.

"The Receivers intend to operate the ARX Group and the RMS East Group in the short-term while they conduct an urgent appraisal of the business," a statement from McGrathNicol confirms.

"The objective of the Receivers is to work closely with management, personnel, suppliers and customers to keep operations running as smoothly as possible whilst this appraisal takes place."

Other entities within the Rivet Group, including Rivet Energy and Refuel International, have not been affected by this move and continue to operate as normal.

"Each other entity in the Rivet Group remains under the control of its Directors and those entities continue to trade as normal," the administrators state.

About the companies

Headquartered in Perth, Australian Road Express operates across Queensland, New South Wales, Victoria, South Australia, and Western Australia, with offices in Wacol, Chullora, Melbourne, Adelaide and Forrestfield.

The company owns a fleet of approximately 20 prime movers, with 60 "key assest" overall including trailers and specialised materials handling equipment ranging from single units to road train configurations.

Apart from the company-owned fleet, ARX also uses "dedicated sub-contractors vehicles ranging from one tonne vans to rigids which provide pick-up and delivery LTL".

ARX Group employs close to 180 people.

RMS East Group provides lifting and haulage services primarily to the mining, energy and infrastructure industries.

It operates heavy haulage and crane depots at three locations – Newcastle, Rockhamption and Emerald.

The Group has a fleet of approximately 250 discrete pieces comprising trucks, trailers and cranes.

More to come

 

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