News and Media
Tasmea Limited (ASX: TEA) (Tasmea or the Company) is pleased to announce that it has executed a Share Purchase Agreement to acquire 100% of Maxim Group Australia Pty Ltd (Maxim Group or Maxim).
Maxim Group is a market-leading specialist electrical contractor headquartered in Victoria, with established credentials across Data Centres, Major Government Infrastructure and Battery Energy Storage System (BESS) and Renewable Energy markets. Maxim has delivered over 450 projects, employs approximately 600 full-time staff including a deep cohort of HV-accredited and rail-inducted specialists. Maxim is currently active on approximately 30 projects across its core end-markets.
Strategic Rationale
The acquisition represents a defining step in Tasmea’s programmatic acquisition strategy and establishes Tasmea as a leading specialist electrical platform with national scale and direct exposure to Australia’s structurally growing Data Centre, Major Infrastructure, BESS and Renewables markets. Key strategic benefits include:
- Entrenched Data Centre exposure: Maxim has a multi-year track record delivering Data Centre projects for one of Australia’s largest Data Centre operators, with 7+ years of forward pipeline visibility in Victoria — a market forecast by DC Byte and Data Centres Australia to grow at Compound Annual Growth Rate (CAGR) of approximately 22% (CY25-30).
- Privileged Infrastructure positioning: Maxim employs one of Victoria’s largest rail-inducted workforces (200+ VEDN-accredited personnel) and is active across flagship state programmes including the Metro Tunnel, West Gate Tunnel, North East Link and Suburban Rail Loop.
- BESS and HV credentials: Internalised HV capability (significant team of HV accredited specialists) with established relationships across leading BESS developers, positioning Maxim to participate in AEMO’s forecast 58% CAGR growth in NEM utility-scale storage capacity (FY25-30).
- Geographic diversification: Maxim’s Melbourne head office establishes a Tasmea presence in Victoria, with cross-sell opportunities for Tasmea’s broader specialist services across its Electrical, Mechanical, Civil, Water & Fluid divisions and a national platform to service Maxim’s clients across other regions, including NSW, WA and SA.
- Owner-led leadership retained: Tasmea will retain Maxim’s owner-led business model and Maxim’s strong brand, with the owners and senior executives staying with the business and are motivated to lead & scale the business.
Next Steps
The Share Purchase Agreement was executed on 1 June 2026 and Settlement is targeted on or around 1 July 2026, subject to the satisfaction of customary conditions precedent, including obtaining ACCC approval to proceed under Australia’s new mandatory merger control regime.
We are delighted to be welcoming the Maxim Group team to Tasmea and look forward to supporting their continued growth through our corporate services platform and broader specialist trades capability.
For further information, please contact:
Stephen Young Managing Director
Tasmea Limited
+61 (08) 8212 2929
syoung@tasmea.com.au