Power up! PE investor Fortitude scores perfect TEN

▤ Summary

Fortitude Investment Partners has taken a majority stake in Queensland electricity equipment supplier The Energy Network as it gears up for more acquisitions in a sector it reckons will boom as new transmission is built and the existing network ages.Such is its conviction that Fortitude is forecasting investors could double their invested capital over the time it owns The Energy Network, a 25-year-old business that supplies tools, equipment and line materials to energy transmission and distribution markets in Australia and New Zealand.

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