David Riches

Privately-owned contractor GenusPlus Group has completed its fifth acquisition in the space of two years, confirming today it has bought EC&M out of administration with plans to retain a small group of key staff to help rebuild the business.

Perth dealmakers Tim Day and Rob Hamilton are looking to support the next generation of growth businesses after merging their firms.

Belmont-based GenusPlus Group has launched a $32.8 million initial public offering, with the power and telecommunications contractor planning an ASX listing in December.

Perth-based power and telecommunications contractor GenusPlus Group has listed on the ASX, following a successful initial public offering that valued the company at $148.6 million.

Contracts totalling $23 million in combined value have been awarded to Belmont-based GenusPlus Group, according to its latest market update.

ASX-listed power and telecommunications company GenusPlus Group has secured new construction work including on BHP's South Flank iron ore project.

Perth-based power and telecommunications company GenusPlus Group has made its first acquisition since listing on the ASX, as well as secured a $60 million contract with Rio Tinto.

Belmont-based GenusPlus Group is making its second acquisition since listing on the ASX, having agreed to purchase assets from the administrators of Victoria’s Tandem Corp.

GenusPlus Group has won a $50 million contract to install a 200 megawatt hour battery, understood to be in Kwinana.

Soaring valuations for tech companies and mining stocks have brought major shifts in this year’s list of WA wealth creators.

GenusPlus Group has secured more work on Fortescue's $US250 million transmission project, having been selected to build a 98-kilometre powerline for the iron ore miner.

Electrical services company GenusPlus is set to acquire a 50 per cent stake in hybrid energy solutions business Blue Tongue Energy.

Electrical services business GenusPlus Group has won a $40 million contract from Telstra, as part of the telco giant’s move to decommission its exchange buildings across Australia.

Belmont-based GenusPlus Group has been named preferred supplier to Australia’s first hyperscale national fibre network, with its contract worth at least $50 million.

Telecommunications infrastructure company GenusPlus is set to acquire private Queensland business Pole Foundations Australia for an upfront $22 million in cash and shares.

GenusPlus Group managing director David Riches was named First Amongst Equals at the 2022 40under40 Awards, ahead of a diverse cohort of Western Australia’s young business leaders.

40under40: Having a clear vision has paid off for GenusPlus Group founder and managing director David Riches.

GenusPlus has won a $15 million contract with Fortescue Future Industries to build a substation at the group's proposed Green Energy Manufacturing Centre in Queensland.

Fortescue Metals Group has contracted GenusPlus for key infrastructure works at its US$450 million solar and gas Pilbara Generation project.

NBN Co has engaged Belmont-based communications infrastructure provider GenusPlus Group to deliver works valued at $28 million.

Belmont-based ASX-listed GenusPlus Group has been awarded a $90 million contract for work on Synergy’s Kwinana Battery stage two project.

A joint venture between infrastructure provider GenusPlus Group and ACCIONA has been awarded a $1.4 billion contract to deliver a transmission project.

Telecommunications and power infrastructure contractor GenusPlus Group has notched $40 million worth of work on ACCIONA’s major solar farm project in Queensland.

Power and telecommunications contractor GenusPlus Group has been awarded two contracts worth $50 million from Fortescue for work on the miner’s Pilbara operations.

GenusPlus Group has extended its close working relationship with Western Power, after securing a significant maintenance and upgrade works program with the company.

GenusPlus Group has proposed a multi-million-dollar acquisition of CommTel Network Solutions, which is under administration, to expand its national footprint.

GenusPlus Group has signed a binding, conditional agreement to acquire Partum Engineering for up to $16 million, a week after creditors approved its proposed purchase of CommTel Network Solutions.

Infrastructure provider GenusPlus Group has finalised its acquisition of CommTel Network Solutions, following the effectuation of a deed of company arrangement.

Belmont-based GenusPlus Group has landed an initial $42 million head contractor role for stage one work on TasNetworks’ $950 million northern Tasmanian grid upgrade.

Belmont-based GenusPlus Group has been awarded the $270 million contract to build the first stages of the Clean Energy Link.

Belmont-based GenusPlus Group has announced plans to broaden its portfolio.