Adelaide, 2 April 2009 – Torrens Capital today announced that it has entered into an agreement to become the major shareholder in Doug Dick & Co. (DDC), provider of cemetery and crematorium consultancy services and memorial-project solutions.
Torrens Capital Managing Director Joel Hepburn-Brown said, “DDC possesses strong fundamentals, has a nationwide client base, and has an enviable reputation in the industry. We’re tremendously excited by by this acquisition and by the potential that DDC has for growth in domestic and international markets.”
Hepburn-Brown continued, “We are glad to confirm that Doug and Jason Dick are remaining in management positions at DDC and are retaining a significant equity interest in the company, enabling the business to benefit from the skills, knowledge, and insight that they have brought to DDC over the past decade.”
Founded in 1998, DDC provides cemetery and memorial project planning and management to clients across Australia. DDC produces the Life’s Memories glass memorials, and is the sole Australian provider of the technology in this application.
Possessing combined operational and management experience of over 50 years in business, Torrens Capital is a South Australian private equity firm specialising in SME business acquisitions.
For more information call Torrens Capital on (08) 8212 9600 or visit Torrens Capital on the web at www.torrenscapital.com.au.