JSW
Western Australia's leading production drilling company
Snapshot
Type of Investment
Turnaround
Industry
Industrials
Initial Investment
December 2016
Fund
Allegro Fund II
Investment Status
Exited
Website
Contact
Adrian Loader
Jeffrey Largier
JSW is a fully integrated mine drilling and blasting business based in Western Australia, providing services to global mining companies including Tier 1 clients. The company operates 30 drill rigs spanning surface mining and civil construction sites in the Pilbara, the Southwest and the Goldfields of Western Australia.
In December 2016, Allegro acquired JSW out of the administration of Hughes Drilling in December 2016, representing the fifth investment made in Allegro Fund II. This acquisition secured employment continuity for approximately 140 staff, who contributed towards shaping JSW’s expertise in specialist blasting practices that protect infrastructure and cultural heritage.
Upon Allegro’s ownership, JSW managed through the industry downturn and continued to innovate its drilling and sampling systems to support a pipeline of projects across Western Australia. Following JSW’s administration, the business was loss-making for a period and during Allegro’s ownership, earnings were rebuilt.
In October 2024, Allegro completed the exit of JSW through a sale to a trade buyer.