8th Feb 2022
Catalano continues ACM’s diversification with investment in commercial connections business Beevo.
ACM Executive Chairman, Antony Catalano has confirmed ACM’s investment in market-leading business connections service Beevo to further support the development of digital solutions for the commercial real estate sector.
Beevo is a service that connects businesses to essential services (energy, internet, EFTPOS etc) when they lease or buy a commercial property. Additionally, it has leveraged this capability to assist existing businesses review costs on essential services and deliver savings.
Beevo is headed by founders James Nooney (CEO) and Samuel Daish (CCO), who took back control of the business with supporting investment from Catalano in 2019 after the company exited a joint venture with Domain. The Beevo board includes former Fairfax CEO Greg Hywood as Chairman.
Mr Catalano said, “The deal is a win-win with ACM’s ability to help educate and drive awareness of the Beevo offering to our audience of 6.4 million Australians every month while Beevo’s offering will provide not only a great service but will deliver true cost savings in essential services for many of our business clients”.
