Rangatira Annual Report 2023 - Flipbook - Page 21
Ra n g a t i ra An n u a l Re p ort 2023
I have to say that speeding up immigration processes would help
Geeves, Robertshawe and Warren families, and key staff who
address the sector’s staffing situation.”
hold almost 3 per cent through a staff shareholding scheme.
However, despite potential economic headwinds, Clinton says
“I think what attracted Rangatira to NZSG was our revenue
the Group has diverse revenue across sectors and geography.
diversity, solid track record of growth and the key people. They
Almost 60% of the Group’s work is on existing buildings,
liked the culture, the passion and the strong sense of family.
facilities and structures, which is likely to increase if new
construction slows for a period. The Group’s revenues are also
spread across almost every region in New Zealand, with over
1,000 active clients covering residential, commercial, industrial
and civil/social infrastructure projects. This diversity helps
provide NZSG with resilience that is not always present in the
“For NZSG, having Rangatira as a shareholder supports our
future growth trajectory. We also get to have Rangatira’s
Investment Partner, Matt Olde on our Board of Directors. Matt
is a well-connected and experienced business and investment
manager and provides objective and well-considered advice.”
construction sector and is instrumental in the decision taken by
Clinton is a father to two youngsters, and he and his partner Hui,
Rangatira to invest in the Group.
who he met working at the Office of Treaty Settlements, live in
Rangatira invested in NZSG in late 2022 and currently has a 28
per cent economic interest in the Group.
Clinton Geeves says NZSG has eleven key shareholders, with
Rangatira being the largest, having invested along with fellow
institutional investor Evergreen Partners. The balance is held by
the founders of the two entities that merged to form NZSG: the
Ngaio, Wellington.
Outside work, Clinton is chair of the Wellington Collegians
Junior Cricket Club, where he coaches a junior team. He has also
coached a junior rugby team for Wellington’s Wests rugby club
and served a term on the Board of Trustees for Ngaio Primary
School.
New Zealand Scaffolding Group
New Zealand Scaffolding Group (NZSG) is a leading provider
of height access and temporary structures in New Zealand.
The company comprises of six individual operating entities,
with 12 branches across New Zealand and over 400
employees.
Established in 2012, the company has become one of the
fastest growing companies across multiple sectors, with a
significant presence in the development and maintenance
of civil infrastructure, social infrastructure, industrial and
commercial property, aged care, and residential property
segments.
Rangatira invested alongside the existing founders and
investors as NZSG embarks on its next phase, supporting
the existing team as it continues its focus on a safe work
environment, quality customer service, and financial
performance.
Investment Date
2022
Ownership Interest
28%
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