Canterbury Partners is delighted to have advised SBI Group (‘SBI’) on the successful divestment of the company to Repurpose It (owned by Pallisade Impact).
SBI is a family-owned and operated company in that has been mining quarry products to supply the construction industry for three generations. From a small soil screening operation that started in the early 1970s, to a major independent drill and blast quarry operator, SBI is now the largest inert landfill in the South East of Melbourne.
Repurpose It is a purpose-led Australian business focused on building innovative infrastructure to support a more sustainable, circular future. The company works across construction, organics, and resource recovery and are known for transforming underutilised sites into high-performing, future-focused facilities.
Post transaction, Repurpose It’s goal for the Cranbourne site is to increase material recovery, build a best-practice precinct, and continue leading Victoria’s shift to a circular economy. The acquisition marks a significant expansion of the business’ recovery capabilities in one of Victoria’s fastest growing regions.
The Cranbourne facility will undergo a multi-year transformation focused on modernising infrastructure and innovation to enhance the site’s capability, reduce environmental impact, and build on the foundations established by the previous operators. The transformation is also expected to generate local employment, provide ongoing community engagement and education initiatives, and help reduce pressure on Victoria’s existing recovery network.
