Financial Review: Alceon PE acquires stake in $150m-a-year facilities maintenance biz

Australian Financial Review
29 June 2025
Sarah Thompson, Kanika Sood & Emma Rapaport

Alceon has agreed to acquire a 49 per cent stake in TVH, a national facilities maintenance services business generating more than $150 million in annual revenue. TVH’s three owners – Josh Leys, Doug Lamac and Simon Jones, who acquired the business in 2011 – will retain majority control. Alceon will invest $30 million to support a partial selldown by the founders and provide additional capital for organic growth and bolt-on acquisitions, targeting further consolidation in the resilient facilities maintenance sector.

Read the full article on the Australian Financial Review.