)
Sydney-based firm Quadrant Private Equity (QPE) has acquired a majority stake in Herron Todd White (HTW), marking the completion of a partnership with Australia’s largest independent property valuation advisory group.
With its origins dating back to 1969 when it was founded in Rockhampton by Kerry Herron, HTW has grown to 60 offices around the country with more than 800 staff.
QPE claims its alignment with HTW will help the advisory group strengthen its market position, expediting the growth and development of new products and services for clients across residential, commercial, government and agricultural sectors.
HTW chief executive officer Gary Brinkworth says the milestone marks the beginning of a transformative era for the group.
"The partnership will enable our business to expand our reach, enhance technology, and invest in our people’s capabilities to continue delivering the industry-leading services to our clients for which Herron Todd White is known," Brinkworth says.
"As Herron Todd White embarks on this exciting new chapter, our goal remains to provide exceptional value to clients while staying true to the integrity, collaboration, and excellence that has defined our business for decades.
"This partnership with QPE strengthens our ability to seize new opportunities, expand reach, and drive sustainable growth."
Brinkworth says HTW's people, culture and values "will always drive everything we do".
"This partnership with QPE reinforces the commitment to nurturing a culture of excellence, where team members feel empowered to deliver the highest service standards to clients. We’re proud to showcase the strength of our team and the meaningful impact it creates for clients and communities throughout Australia," he says.
QPE managing partner and co-head of buyout strategy, Gareth Woodbridge, says he looks forward to "supporting HTW by investing in people, technology and data assets, and helping to expand its capabilities through acquisitions to accelerate the company’s growth plans".
"We are excited to partner with HTW’s existing shareholders, employees and management team," Woodbridge says.
"HTW has a strong brand and market position with a reputation for delivering high-quality outcomes for its customers."
)
