MONSON Agencies Australia on Monday finalised the acquisition of the agency business of Monson Shipping.
Monson Shipping – which despite the similar name is unrelated to Monson Agencies – is the largest provider of port agency services in Tasmania. With this acquisition, Monson Agencies said it now has representation at every major port across Australia.
Additionally, Kade Barrett is joining Monson Agencies as the company’s Tasmanian port agency manager.
The acquisition comes after investment firm Five V Capital acquired a majority stake in Monson Agencies in early March this year.
Monson Agencies CEO Travis Monson told DCN the Tasmanian acquisition was a first step in a wider strategy of acquisition and expansion for the company.
“We’re looking forward to making more acquisitions in the near future in Australia and abroad,” he said.
“The partnership with Five V has given us the capital to invest in technology. We’re looking to up our game in technology to help our customers in a digital way.”
Monson Agencies was established by Dale Monson in 1981. The company now handles more than 5000 port calls per year.
The company employs more than 95 staff across 18 company-owned offices within reach of all Australian ports. The company also has offices in Singapore and China, with representation in India, Malaysia, Indonesia and Japan.
Monson Agencies represents vessel owners, charters, commodity traders and shippers, including producers of metals and minerals.
The company’s head office is in Fremantle.