The relationship began with an acquisition
Crezzco approached MFG in 2024 while its current owner was acquiring the business. Funding the acquisition was the starting point, with a major-bank relationship and the operating equipment needs considered together. The new owner then needed the plant to deliver work, not simply an acquisition approval.
An acquisition changes the funding picture before the first new asset is ordered. MFG began with the ownership change and the relationship with a major bank, then considered the equipment the business would need to operate and take on additional work.
Moving a quarry program across the country
For a new quarry contract in Tasmania, Crezzco sourced multi-million-dollar Terex and Finlay crushing equipment in regional Queensland and transported it south. The finance had to fit the purchase, movement and mobilisation of the plant. MFG worked across that program and the wider funding required as the operation developed.
The crushers were not simply purchased down the road. They were sourced in regional Queensland and had to make their way to Tasmania for the contract. The acquisition, transport and arrival of working plant were connected parts of Crezzco’s plan.
A working fleet beyond the crushers
Crezzco has also replaced ageing haulage equipment with Kenworth tippers and trailers. Other requirements span CAT loaders and excavators, rollers, forklifts, service trucks and utes. The relationship continues as each asset is considered in the context of the quarry work and the lenders already supporting it.
The new haulage equipment sits alongside the crushing operation and the other plant used on site. As the asset mix changes, the question remains where each new commitment should sit and what room it leaves for the following one.
