11 Jul 2013

Knox Investment Partners considers selling AAM Group

7:07 am on 11 July 2013

Private equity firm, Knox Investment Partners is considering selling its stake in AAM Group, Australia's largest geospatial services company.

AAM provides various mapping and survey services to industries including mining, oil, infrastructure, forestry, and government.

Knox is working with Macquarie Capital to look at options.

That may lead to a partial or whole sale of AAM, which has offices in Australia, New Zealand, Malaysia and South Africa.

Knox first invested in AAM three years ago and owns just under half the business, which has revenues of more than $90 million.

AAM was the seed investment for Knox's $100 million Fund IV.