01/10/20
Management Buyout of ESR Australia’s Construction Arm
![Image: In the construction site, steel structure is under construction](https://images.ctfassets.net/nq9kuc33ycuo/2DBsREOgVxshbF9XI4ru29/33ec17d67387126ea0a1ed2eb213f3e1/AdobeStock_190033596.jpeg?w=900&h=600&fl=progressive&q=100&fm=jpg)
1 October 2020: Management Buyout of ESR Australia’s Construction Arm
ESR Australia today announced that Mark Hendry, formerly Director of CIP Constructions, has acquired designated CIP Constructions assets and liabilities through a management buyout. Mark has acquired the CIP Constructions brand and will continue to operate the business under that name. This enables ESR Australia to focus on its core strategy and opens up prospects for the growth of the CIP Constructions business.
Read more in the media release below.