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Now with 1,000-plus staff and an average annual growth rate of 21.5 per cent over its almost three decades of existence, managed IT services and technology provider Brennan has received a capital boost from a subsidiary of Macquarie Group (ASX: MQG) to further acquisitions and organic expansion.
Macquarie Capital Principal Finance has purchased a minority stake in Sydney-based Brennan, while its founder and managing director Dave Stevens is still a majority shareholder and remains at the helm.
Stevens says the investment marks a major milestone in the evolution of Brennan and will reinforce its position as Australia’s largest sovereign systems integrator.
"Through Macquarie’s support, we expect to continue our focused growth trajectory by making significant strategic acquisitions and continuing our investment in cutting-edge sovereign capabilities in AI, automation and cybersecurity," he says.
"As well as improving our ability to bid for and win large Australian government and private sector contracts, Macquarie’s involvement also provides us with the opportunity to explore international growth opportunities, meaning we could finally see Australia compete on the global systems integrator stage.
"We’re excited about what’s ahead and look forward to working with Macquarie to unlock new opportunities while staying true to the values and approach that have defined us for nearly three decades.”
Brennan's chair Brendon Cook describes Macquarie's investment as a transformative step for the company, which has successfully evolved from a managed service provider to Australia’s leading 'sovereign systems integrator'.
"It not only strengthens the company’s balance sheet but is also important for our vision and growth strategy which we will continue to deliver on with the commitment and leadership that has shaped Brennan’s success to date," says Cook.
"Macquarie’s support will allow us to scale at an even faster rate, further integrating secure AI-driven solutions that will empower our customers."
Brennan's strength as a systems integrator was bolstered significantly by the 2022 acquisition of then-listed technology business MOQ Limited (ASX: MOQ) for $23.3 million, and since then it acquired Adelaide-based managed services provider Nuago in July 2024, and Canberra-based cybersecurity specialist CBR Cyber in April.
Late last year Brennan also joined a takeover battle to buy cloud computing group AUCyber (ASX: CYB), formerly known as Sovereign Cloud Holdings, but withdrew in January.
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