Sureway Employment and Training announces strategic partnership with Anacacia Capital
Press release: 3 March 2020
Sureway Employment and Training is pleased to announce a significant investment by Private Equity company Anacacia Capital which will enable further growth of this large regionally based organisation.
Established in 1998 Sureway’s team of 350 experienced and passionate people deliver Employment Services on behalf of the Federal Government and Training on behalf of various State Governments. From its initial beginnings in Wagga Wagga, Sureway has grown significantly across NSW, Victoria and South Australia whilst maintaining its Head Office in Wagga.
Founder Judy Galloway said “For many years Sureway has actively worked with the many and various challenges experienced when operating across diverse labour markets and we have always delivered high quality services to all jobseekers which has best placed them to gain employment.”
Anacacia Capital invests in leading small to medium enterprises, partnering with founders and management teams to accelerate their growth strategies. They provide strategic insight, resources and private capital. Their success in doing this has seen Anacacia as the recipient of numerous industry awards including the 2019 Australian Investment Council Firm of the Year.
“As a passionate, regionally based organisation, Sureway is excited about the further growth opportunities this strategic alliance with Anacacia provides. We have a very strong understanding of the needs of both employers and jobseekers in regional Australia and with the added support Anacacia offers, we will continue to deliver services which meet the specific labour market needs in our communities,” says CEO Matthew Hall.
Following the investment from Anacacia, Matthew Hall will continue to lead the business as CEO and he will retain the same Executive team. Founding Director, Judy Galloway will continue as non-executive director along with Alex Curtis and they will be joined by Anacacia’s Jeremy Samuel and Jason Shein as non-executive directors. Employers and jobseekers will continue to be serviced by their existing staff contacts.
Anacacia’s Jeremy Samuel said ”we are pleased to be joining the board to assist the impressive Sureway team to service its clients in such an important sector for regional Australia.”