Betta buy bolsters Orcoda transport services portfolio


New subsidiary specialises in rail, road and air infrastructure power services

Betta buy bolsters Orcoda transport services portfolio
Betta offers transportation power and hire services

 

Listed transport logistics and services optimisation firm Orcoda has acquired Queensland-based Betta Group of Companies (BGC) for $5 million.

Orcoda specialises in operational efficiency combining software, management expertise and contracting services, and its purchase of BGC adds to its portfolio a transport services business specialising in rail, road and air infrastructure power services contracting, hire, and oil and gas and mining services.

Betta was formed in Rockhampton in 2005 and was registered as BGC in 2012, trading as Betta Power Services.

Its clients include Aurizon, Ergon Energy, Queensland Rail, PowerLink, Q-Build, Australian Defence Force and the Bowen Basin mining industry.

Orcoda says Betta is exposed to growing infrastructure markets in central Queensland which is likely to grow further with significant government stimulus to occur in major infrastructure because of its essential services status.

Its ISO [International Organisation for Standardisation] qualifications will enhance the newly merged entity’s ability to win new infrastructure projects, Orcoda managing director Geoff Jamieson says.

"Betta Group is a perfect fit into our Resource Logistics division. Our contracting methodologies are the same," Jamieson says.

"Once a contract is won, we will both manage the contract utilising our management skills in managing workers, assets and utilise our existing ‘best in class’ software to optimise the project outcomes and deliver better value for our customers."


Orcoda counts Ceva Logistics as one of its clients


BCG also is a fully licensed asbestos demolition contractor, which is required for certain associated projects, and runs a smaller business unit in Rockhampton under franchise called Hydrokleen.

The whole business posted $9 million revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $2.1 million in the 2019-20 financial year.

"The majority of Betta’s contracts are remote and will benefit from Orcoda’s software, contracting and management expertise in managing our workforce and our assets (vehicles, plant and equipment)," Betta Group founder and managing director Geoff Williams says. 

"The joining of our businesses will add significant value and efficiency to the business and enhance its profitability.

"There are multiple major infrastructure projects coming up in road, rail and air in central Queensland and a combined Orcoda/Betta business will be well positioned to win a lot of these contracts."

 

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