MAAS Group

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.

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

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

• Construction materials supply
• Civil construction services
• Earthmoving equipment hire
• Asphalt and concrete production
• Residential real estate development

Headquarters

HQ city

Dubbo

HQ country

Australia

HQ region

Oceania

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Construction Materials Sales: Sale of construction aggregates, concrete, asphalt, and recycling services from quarries to construction companies and infrastructure projects
2. Civil Construction and Hire: Civil construction services and equipment hire including 450+ machines in fleet for mining, infrastructure, and construction projects
3. Manufacturing and Equipment Sales: Manufacturing of equipment and electrical systems for construction, mining, and infrastructure sectors through JLE Group subsidiary
4. 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

Core 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.

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Heidelberg Materials AustraliamajorOthers · 5 February 2026Heidelberg 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

Regional 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

• Facebookfacebook.com/maasgroupholdings
• LinkedInlinkedin.com/company/maas-group-pty-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAAS Group