Who is Stealth Group Holdings?
Stealth Group Holdings is a private equity firm based in Australia.
Stealth Group Holdings
- Type
- private equity firm
- Headquarters
- Perth, WA, Australia
- Website
- stealthgi.com
How they work
Stealth Group Holdings Ltd (ASX: SGI) is an Australian distribution and retail group serving workplace and home markets. In FY26, reported revenue was A$146.0m; non-IFRS total sales were A$165.1m, a separate measure that adds back sales relating to trade rebates. A$770m+ group purchasing volume and 1,200+ network locations describe its broader supplier/member ecosystem; the report counts 10 company-owned stores and independent HBT member stores in that network.
Stealth says it grows by expanding customers, products, supplier partnerships and market reach, both organically and through strategic acquisitions. Its HBT announcement describes customer reach, operating capability and product expansion as strategic acquisition benefits. Public materials do not describe a step-by-step seller process.
- Capital model
- Corporate strategic acquirer. Deal funding varies: Force was funded partly through new shares plus assumed working-capital facilities; HBT was announced as an all-cash transaction initially funded by extended bank facilities. These are transaction-specific examples, not a general funding formula.
- Geography
- Current business and network focus is Australia. The reviewed sources do not state a formal geographic acquisition screen.
- Ownership
- Stealth operates an integrated distribution and retail model with procurement, supplier partnerships, distribution centres, company-owned operations and digital channels. No general policy on seller autonomy or founder retention was stated.
- Platform or bolt-on
- Strategic acquisitions are a stated growth priority to expand customer reach, operating capability and market reach. Stealth described HBT as a strategic bolt-on fit with its existing wholesale and buying-group operations.
- Sector focus
- Current focus includes hardware, home improvement, building supplies, industrial MRO, safety, consumer products and related distribution/retail channels serving workplace and home.
Their portfolio
Showing 4 of 4 known holdings — coverage is still partial.
- SectorIndustrials & manufacturingWhat they doStealth’s current businesses page lists C&L Tool Centre. Its acquisition announcement concerned 100% of the issued share capital and said settlement was expected on or before 1 December 2020; the captured official materials do not state the exact completion date. C&L supplies industrial, hardware and tool products, welding equipment, workplace supplies and safety gear to customers nationally.
- SectorConsumer & retailWhat they doStealth reports an effective acquisition date of 1 June 2024 for 100% of Force Technology International Pty Ltd; completion was expected before 14 June 2024. Force is a wholesale distributor of mobile accessories, including own-label, private-label and distributed brands, supplying more than 3,500 retail resellers. The reseller figure is a company channel count, not Stealth-owned stores.
- SectorConstruction & infrastructureWhat they doStealth executed an agreement to acquire 100% of Hardware & Building Traders Pty Ltd for A$22 million, with completion scheduled for 10 November 2025; the FY26 report and current business roster show HBT within the group. HBT is a national buying group for independent hardware and trade-focused retailers. Its member stores are independent businesses, not Stealth-owned locations.
- SectorIndustrials & manufacturingWhat they doStealth says Heatleys was privately owned until it was acquired by Stealth Group Holdings in October 2018. It supplies industrial MRO, safety, workplace, technology and automotive products and services. Heatleys reports access to more than one million products and a team of more than 200; these are Heatleys-level metrics.
Sources
- stealthgi.com · portfolio page
- stealthgi.com · website
- stealthgi.com · research
- stealthgi.com · research
- stealthgi.com · research
- stealthgi.com · research
- stealthgi.com · research