Global fund manager IFM Investors has joined ISG Management Pty Ltd (ISGM) as a 50% shareholder. Ironbridge has supported the transaction as outgoing investor group. The terms of this transaction remain confidential.

ISGM was founded six years ago and since its formation, the group has grown to an annual turnover of over AUD500 (US$370 million), partnering with over 4,000 small businesses to deliver technical services in the telecommunications, media and utilities sectors.

IMF Investors will be the new cornerstone investor of the company, as Ironbridge's private equity fund is nearing its expiry.

Steven Lipchin, IFM Investors’ Head of Private Capital, commented:

“ISGM presented itself as a highly attractive investment opportunity. We are passionate about working in partnership with organisations that have a demonstrated track record in developing innovative models and are poised for significant expansion”

“Over the past six years ISGM has showcased its ability to work with blue chip clients to engage a diversified subcontractor workforce that delivers exceptional customer experiences.  With its experienced management team and nimble strategy, systems and operational capabilities, we believe that ISGM has an exciting future across a number of new industry sectors and we are looking forward to supporting the firm’s growth.”

Adrian Field, co-founder of ISGM stated:

“As we embark on the next phase of our growth journey, ISGM’s Board and Executive Management Team welcome IFM Investors and we look forward to working closely together in continuing to realise our vision of delivering exceptional customer experiences on behalf of our clients.”