MAAS Group
MAAS Group Holdings (ASX: MGH) is an Australian diversified industrial services and real estate group operating construction materials, civil construction, equipment hire, electrical manufacturing and property development across eastern Australia, serving construction, mining, government and property developer clients.
- Company typePublic
- Founded2002
- HeadquartersDubbo, Australia
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What MAAS Group does
MAAS Group Holdings (ASX: MGH) is an Australian diversified industrial services and real estate group headquartered in Dubbo, New South Wales, founded in 2002 by Wes Maas. The company operates across five reporting segments — Construction Materials, Civil Construction & Hire, Manufacturing & Equipment Sales, Residential Real Estate, and Commercial Real Estate — delivered through wholly-owned subsidiaries including Regional Group Australia (RGA), Schwarz Excavations, JLE Electrical, Austek Roads, Austek Spray Seal, Macquarie Geotechnical, Astley's, and Brett Harvey Designs & Construction. Core offerings include quarry aggregates, ready-mix concrete, asphalt, civil earthworks, plant and equipment hire from a fleet of over 450 machines, electrical contracting for mining/tunnelling/rail, residential and commercial property development, and a plumbing/hardware retail outlet.
Revenue is generated through a B2B enterprise sales motion targeting construction firms, mining operators, government bodies and property developers via direct sales teams and competitive tendering for major infrastructure and public works. The go-to-market is project-based and quotation-driven, with the customer base spread across construction companies, mining and resources operators, infrastructure contractors, government, and property developers across eastern Australia and emerging international hubs (Indonesia, Vietnam). Following the announced February 2026 divestiture of the Construction Materials division to Heidelberg Materials Australia for AUD 1.7 billion, the group is repositioning toward civil construction, manufacturing (notably electrical systems for renewables and data centres), and AI-related digital infrastructure via a parallel AUD 100 million strategic investment in AI data centre operator Firmus Technologies.
The company is publicly listed on the ASX (ticker MGH), employs over 1,200 people, and operates from more than a dozen Australian locations plus early-stage international offices. Growth has been materially scale-driven through M&A (Capital Asphalt and Cleary Bros in late 2024), and the post-divestiture entity will be a leaner, asset-light industrial services and digital infrastructure contractor.
MAAS Group firmographics
Firmographics- Name
- MAAS Group
- Legal name
- Maas Group Holdings Pty Ltd
- Website
- https://maasgroup.com.au
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- MAAS Group Holdings (ASX: MGH) is an Australian diversified industrial services and real estate group operating construction materials, civil construction, equipment hire, electrical manufacturing and property development across eastern Australia, serving construction, mining, government and property developer clients.
- Ownership category
- akta.pro rank
MAAS Group industry classification
Industry- Product category
- Construction Materials and Civil Construction Services
- NAICS
- Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412), Agriculture, Construction, and Mining Machinery Manufacturing (3331)
- SIC
- Wholesale-Lumber, Plywood, Millwork & Wood Panels (5031)
- akta.pro primary industry
- Campus / Community MaaS Platforms (Universities, Business Parks, Municipal Districts) (THADALAH)
Keywords
Where MAAS Group is headquartered
LocationHeadquarters
- HQ city
- Dubbo
- HQ country
- Australia
- HQ region
- Oceania
Offices15 records
Markets served
MAAS Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Construction Materials Sales: Sale of construction aggregates, concrete, asphalt, and recycling services from quarries to construction companies and infrastructure projects
- Civil Construction and Hire: Civil construction services and equipment hire including 450+ machines in fleet for mining, infrastructure, and construction projects
- Manufacturing and Equipment Sales: Manufacturing of equipment and electrical systems for construction, mining, and infrastructure sectors through JLE Group subsidiary
- Real Estate Development: Residential and commercial real estate development through Brett Harvey Designs and Maas Group Properties divisions
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
MAAS Group product offering
Product offeringCore offering
MAAS Group Holdings is an Australian industrial service and real estate group operating four business segments: (1) Construction Materials — quarry products, ready-mixed concrete, asphalt and C&D recycling; (2) Civil Construction & Hire — earthworks, infrastructure project delivery and hire of a 450+ machine fleet; (3) Manufacturing & Equipment Sales — electrical fabrication and custom systems via JLE Group; and (4) Residential & Commercial Real Estate — land development and building through Brett Harvey Designs & Construction. Customers are construction companies, mining operators, government bodies, and property developers across Australia.
Product overview
MAAS Group Holdings is a diversified ASX-listed Australian industrial service and real estate business operating across five key segments: Construction Materials, Civil Construction & Hire, Manufacturing & Equipment Sales, Residential Real Estate, and Commercial Real Estate. The company operates through multiple subsidiaries including Regional Group Australia (construction materials), Schwarz Excavations (civil works), JLE Electrical (electrical contracting), Austek Roads (asphalt services), and Macquarie Geotechnical (geotechnical services). The Construction Materials segment was divested to Heidelberg Materials in early 2026 for AUD 1.7 billion, with the company simultaneously pivoting toward digital infrastructure through a strategic investment in AI infrastructure firm Firmus Technologies.
Differentiator
Problem solved
Functional benefit
Brands
- MAAS Construct: Building and construction division delivering high-quality projects in regional communities
- Regional Group Australia (RGA)
- JLE Group
- Schwarz Excavations
- Austek Roads
- Austek Spray Seal
- Macquarie Geotechnical
- Astley's
- Brett Harvey Designs & Construction
Products and services
- Construction Materials Quarry products, ready-mixed concrete, asphalt production and construction & demolition recycling supplied to construction companies, infrastructure contractors and government projects across NSW, Queensland and Victoria. Includes aggregate quarries with combined reserves exceeding 350 million tonnes. (Segment announced for divestiture to Heidelberg Materials Australia in February 2026.)
- Civil Construction and Hire Civil construction services including earthworks, infrastructure delivery and equipment hire from a fleet of 450+ machines, serving mining, infrastructure, and construction clients across Australia. Delivered in part through subsidiary Schwarz Excavations.
- Manufacturing and Equipment Sales Electrical fabrication, assembly and custom electrical systems for construction, renewables, data centres, mining, tunnelling and rail projects, including turn-key contracting as an authorised Level 1, 2 & 3 network service provider via subsidiary JLE Group.
- Residential Real Estate Residential land development and home construction across regional NSW and Central Queensland, delivered from project commencement through to client handover and after-sales warranty via subsidiary Brett Harvey Designs & Construction and the MAAS Construct building division.
- Commercial Real Estate Commercial property development and investment activities as part of MAAS Group's diversified real estate portfolio across Australian regional markets.
Companies that use MAAS Group
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
MAAS Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MAAS Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Heidelberg Materials AustraliamajorHeidelberg Materials Australia agreed to acquire Maas Group's Construction Materials division for AUD 1.7 billion (approximately EUR 950 million). The transaction includes 40 quarries, 22 ready-mix concrete plants, two asphalt operations, and a recycling site with combined reserves exceeding 350 million tonnes.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
MAAS Group competitors and assessment
Company assessmentRegional players
- Service Stream Limited: ASX-listed Australian provider of network design, construction and maintenance services to telecommunications, utilities and transport infrastructure. Overlaps with MAAS's electrical and infrastructure contracting capabilities, primarily Australia-focused.
Direct peers
- Boral Limited: ASX-listed Australian construction materials and building products company (now private under Seventrust). Directly comparable to MAAS's divested Construction Materials division in aggregates, concrete, asphalt and quarrying across the same Australian geographies.
- Adbri Limited: ASX-listed Australian cement, lime, concrete and aggregates producer. Closest pure-play peer to the Construction Materials business MAAS is selling to Heidelberg, providing a benchmark for materials-segment margins and multiples.
- Monadelphous Group Limited: ASX-listed Australian engineering and construction services group serving mining, energy and infrastructure. Closely comparable to MAAS's JLE electrical contracting and Schwarz Excavations civil works serving mining and resources customers.
- Heidelberg Materials Australia: The acquirer of MAAS's Construction Materials division for A$1.7bn. Global heavy building materials major with deep Australian quarry, concrete and asphalt footprint; directly comparable in product mix, customers and end markets.
- NRW Holdings Limited: ASX-listed diversified Australian contractor across civil, mining and mining services. Direct competitor in civil construction, equipment hire and mining-related infrastructure, overlapping with MAAS's Civil Construction & Hire and mining customer base.
Broad incumbents
- CIMIC Group Limited: ASX-listed Australian construction, mining, services and PPP conglomerate (CPB Contractors, Thiess, Sedgman). Compares to MAAS's civil construction, infrastructure and mining-services businesses at the larger end of the market.
- Downer EDI Limited: ASX-listed Australian infrastructure services company spanning transport, utilities, rail and mining services. Comparable to MAAS's Civil Construction & Hire and JLE electrical contracting operations across Australian government and enterprise customers.
Emerging players
- Fleetwood Limited: ASX-listed Australian modular construction and building solutions provider. Compares to MAAS's Brett Harvey Designs residential construction and Maas Group Properties development activities, particularly in regional markets.
- Empired Limited / DTI Group: Smaller Australian civil and rail infrastructure services company. Comparable as a regional civil contracting peer overlapping with MAAS's regional NSW/Queensland civil construction footprint, though at a smaller scale.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
MAAS Group social profiles
Digital presenceMAAS Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAAS Group leadership team
Management profileNumber of profiles
Profiles1 record
MAAS Group subsidiaries and ownership
Company hierarchySubsidiaries9 records
MAAS Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAAS Group M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAAS Group
What does MAAS Group do?
MAAS Group Holdings is an Australian industrial service and real estate group operating four business segments: (1) Construction Materials — quarry products, ready-mixed concrete, asphalt and C&D recycling; (2) Civil Construction & Hire — earthworks, infrastructure project delivery and hire of a 450+ machine fleet; (3) Manufacturing & Equipment Sales — electrical fabrication and custom systems via JLE Group; and (4) Residential & Commercial Real Estate — land development and building through Brett Harvey Designs & Construction. Customers are construction companies, mining operators, government bodies, and property developers across Australia.
Is MAAS Group a public or private company?
MAAS Group is a public company. It is classified as public and is currently operating.
When was MAAS Group founded?
MAAS Group was founded in 2002. It employs 1,001 to 5,000 people.
Where is MAAS Group based?
MAAS Group is headquartered in Dubbo, Australia, in the Oceania region.
How does MAAS Group make money?
Four revenue lines are on record. Construction Materials Sales are the primary driver. The others are civil Construction and Hire, manufacturing and Equipment Sales and real Estate Development.
Who are MAAS Group's main competitors?
Service Stream Limited is listed as a regional player. Direct peers are Boral Limited, Adbri Limited, Monadelphous Group Limited, Heidelberg Materials Australia and NRW Holdings Limited. Broad incumbents are CIMIC Group Limited and Downer EDI Limited. Emerging players are Fleetwood Limited and Empired Limited / DTI Group.
Does MAAS Group have an API?
No public API is recorded for MAAS Group.
What industry is MAAS Group in?
MAAS Group's product category is Construction Materials and Civil Construction Services. Its primary akta.pro industry code is THADALAH, Campus / Community MaaS Platforms (Universities, Business Parks, Municipal Districts). Its NAICS code is 532412 and its SIC code is 5031.