The Energy Network (TEN)
Equipping the crews that build and maintain Australia’s energy network
At a glance
The business
TEN is a national supplier of tools, equipment and line materials to Australia’s electricity network. Founded in Brisbane in 1998, the business serves utilities, contractors and field crews building and maintaining overhead and underground networks, with branches across Australia.
Why Fortitude partnered.
The same frame guides every investment: good people, building a good business, in a good market. For The Energy Network (TEN), that means:
01 Good people
A leadership team promoted from within, with two decades of trusted supply-chain relationships across the energy industry.
02 Good business
A specialist, hard-to-replicate range and team with exclusive agency rights and industry leading brands, including TEN’s own, distributed through high-touch solution selling.
03 Good markets
Structural and resilient demand from the energy transition, with AEMO’s Integrated System Plan driving network capital expenditure and ageing assets requiring renewal.
How we work together.
A partnership deal with the existing leadership team and shareholders, who reinvested alongside us. Fortitude has brought capital, board capability and acquisition experience to build a national platform in a market entering a once-in-a-generation investment cycle.
Capital
Growth funding to broaden the range, expand branch coverage and the hire fleet, and to fund acquisitions, including Dulhunty Power.
Strategy focus
Market insight, acquisition experience and an exit mindset to focus resources on the energy transition opportunity.
People and governance
A stronger board including highly experienced operating partners, sharper reporting and senior hires to build capability for scale.
In the founder's words.
The strongest proof is a founder's own account of the partnership.
“You should never feel that private equity is going to hamper what you love. They’re going to enhance what you love. That’s what they’ve done here at TEN.”Corey Scott · Executive Chairman & Co-Founder, TEN Group
Could this be your next chapter?
If you are a founder weighing up a partner, see what the journey looks like, or start a conversation, in confidence and with no obligation.