Marathon COMPLETES ITS LARGEST INVESTMENT IN NORTH QUEENSLAND
Marathon completes its largest investment in North Queensland
Townsville, QLD, Australia 4 February 2021
Menninger Capital’s global growth fund, Marathon, is pleased to announce the completed acquisition of five major tyre centres which will be the first of many tyre centres owned by National Tyres, a wholly owned subsidiary of Marathon, announced on 12 January 2021.
The businesses acquired include Twin City Tyres in Townsville and Cloncurry, Towers Tyres in Charters Towers, as well as both Hughenden and Richmond Tyre Centres. These five sites cover the Flinders Highway and provide a range of services including tyres, battery replacement and wheel alignments and provide a wealth of knowledge to their customers through their expertise in the industry.
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About National Tyres
National Tyres is a tyre service and retail group. The company provides a range of products & services including tyres, wheels, batteries, wheel alignments and provide a wealth of knowledge to their customers through their expertise in the industry. The company continually seeks to expand its presence into other geographical areas throughout Australia. It does so both by establishing its own new operations and by acquiring existing tyre retailers. The administrative and corporate head office is in Townsville.
About Marathon Consolidated Ltd
Marathon is a balance between an old-fashioned public company, private equity and a hedge fund. We utilise many of the same tools as private equity and hedge fund managers – investment analysis, investment activism and adaptive management. We view our portfolio as dynamic, reacting to opportunities as they develop.
However, unlike private equity firms we use little to no leverage. Compared to hedge funds, we do this all in the public forum allowing our investors greater transparency and most importantly, the ability to act on their own accord.
Marathon’s investment manager is Menninger Capital. AFS License No. 455364
About Menninger Capital
Menninger manages exclusive global investment funds for private groups of investment partners who share our unequivocal long term value investment philosophy. Menninger is driven by passion to be a partner of world class businesses and its corporate advisory capabilities complement its investment management activities. As a partner, we act in a constructive manner to support management teams and boards in creating long lasting shareholder value.
Menninger Capital represents the investment management activities conducted by Menninger Capital Pty Limited or any of its subsidiaries. Clients will be provided Menninger Capital products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering material or other documentation relevant to such products or services.
For more information visit www.menningercapital.com or call +61 7 4728 8000.
We encourage you to think of investing as a long-term pursuit.
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