Garaty

Archive, Industry News

IES off the leash and looking to buy

International Energy Services will hit the acquisitions trail now has been freed from the grip of private equity, Managing Director Vin Stenta tells ATN. While praising the experience of working with Champ Private Equity, which Stenta confirms sold IES, for around the speculated $300 million mark, to the Mark Rowsthorn-led McAleese Group, Stenta says IES has a credit line to look for bolt-on acquisitions that he expects to be able to use now.
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Archive, Industry News

Asciano settles on Patrick shake-up

Asciano has confirmed the change in reporting structure for its stevedoring firm, Patrick, foreshadowed last October. Former Patrick boss Paul Garaty left on January 1 but his former position, Divisional Manager Patrick, will go too and the internal and external search for a replacement has been shelved.
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Archive, Industry News

Patrick boss Garaty to hand over reins

Asciano is to lose the boss of its Patrick container terminals and stevedoring division, Paul Garaty, early next year.

Despite trenchant recent criticism of Patrick in Sydney from the trucking, container shipping and freight forwarding sectors, Asciano CEO John Mullen praised the outgoing director, who took up the Patrick post only in January. “The Patrick businesses have achieved significant improvements in performance over the last 18 months under Paul’s leadership and given the depth of the senior management team in the ports division, we are confident this performance will continue and that it will be business as usual with our customers and stakeholders," Asciano CEO John Mullen says.
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