XKG Joins IAG Holdings Group
Specialist defence and national security advisory firm XKG and its long term partner Vrai have joined IAG Holdings Pty Ltd, parent company of Infrastructure Advisory Group (IAG) and portfolio company of growth equity investor Quintet Yorkway (QY).
XKG and Vrai provide technology, project management, logistics, commercial, engineering, training and cyber services to clients across the defence sector.
XKG Managing Director Dominik Kul said he was excited to embark upon the next phase of business growth as part of IAG Holdings.
“Following our success to date, XKG was seeking a suitable partner to facilitate sustainable growth following strong organic expansion since inception in 2014 and we were introduced to IAG through its principal investor Quintet Yorkway,” Mr Kul said.
“Ultimately, IAG and QY’s close alignment of our values and strong growth trajectories was a compelling reason to select them as growth partners.
“Most importantly, our clients will still receive same high quality service levels. IAG and XKG’s existing brands, client contracts and dedication to exemplary service will remain intact.”
Under the terms of the deal, Vrai will merge with XKG, which will continue to operate as a separate business alongside IAG under the IAG Holdings entity.
Both XKG, Vrai and IAG’s leadership teams will remain in place and stay involved with the day-to-day running of the businesses.
Mr Kul will join the IAG Holdings Board of Directors and Executive Leadership team, while XKG Operations Director Mike Godfrey and Vrai Managing Director Adam Hall will also join the group’s Executive Leadership team.
IAG Holdings Chair and QY Managing Partner Michelene Hart commented that defence and national security was identified as a highly attractive adjacent growth sector.
“IAG Holdings’ investment into XKG diversifies both businesses, strengthens our collective client value proposition, provides a robust forward pipeline of work opportunities and provides a strong platform for further organic and inorganic growth,” said Ms Hart.
“The combined business increases IAG Holdings strength to over 230 employees and 12 service lines across six Australian states and territories.
“The increased size and scale of the combined business will provide further opportunities to invest in business improvement, structure and systems.”
IAG Holdings Chief Executive Officer Isabel Sprackman said she was excited to further strengthen and diversify the group’s collective client value proposition.
“National security is paramount amid an increasingly complex international security climate. We are delighted to partner with a company which is dedicated to maintaining and enhancing Australia’s national security through a diverse range of services,” Ms Sprackman said.
“XKG’s focus on the defence and national security sector complements IAG’s existing focus in the transport and social infrastructure sectors, enabling us to support more people in more areas of national significance than ever before.
“Both businesses are also conscious of their social impact, actively involved in community and industry initiatives including support of veterans, Defence charities and disadvantaged social groups.”