Jeffrey Bretz has been appointed the new Chief Executive of Pacific Services Group (PSG), the leading national electrical, data and communications services provider. Mr Bretz will steer the company through its next phase of growth.
This appointment by the Pacific Services Group Board follows a recent $10 million capital injection from existing investors and an agreement to restructure the company’s debt with financiers to enable it to strengthen its operations across Australia.
PSG Board Chairman Andrew Petering, who is also a Managing Director for Wolseley Private Equity, which has made a significant investment in the company, said Mr Bretz was a senior executive with outstanding strategic, change management and leadership skills.
According to Mr Petering, the Australian construction industry has been in contraction for an extended period, but the sector is emerging from this challenging time; Jeffrey’s immense breadth of experience and skills will help PSG capitalise on the rebound.
He commented that PSG was currently focussed on markets in healthcare, rail, water, retail and renewable energy; Jeff possessed extensive construction and electrical industry credentials to make further inroads in these areas. His experience includes high profile positions with Silcar, ABB and Tyco in Australia, Asia and the Middle East. Mr Bretz has also worked extensively with many of PSG’s customers throughout his career.
Mr Bretz said he was looking forward to the challenge of further growing PSG’s pipeline of work in a market where BIS Schrapnel expects non-residential construction to grow by seven per cent in 2013-14 at about $33.5 billion.
PSG has an annual turnover of more than $300 million, operates offices in Victoria, NSW, Queensland, South Australia and Tasmania, and employs more than 1200 people across Australia. Their clients include government and some of Australia’s largest companies.