Quadrant Private Equity has sold its Barbeques Galore business to Boston-based global asset firm Gordon Brothers.
According to the AFR, the sale price was reportedly a nominal amount. Quadrant bought the retail chain in 2012.
As the retailer sets up for growth under new ownership, it has a new CEO, David White, who takes over from outgoing boss Alex Foster. Ex-Aldi leader Foster joined Barbeques Galore a year ago to lead a transformational strategy.
White brings a wealth of experience and a passion for retail to the CEO role, with experience leading national and international businesses across the retail spectrum.
He was at Metcash for more than four years as executive general manager for convenience, and as a turnaround managing director for Campbells Cash and Carry.
Before that White was program director at Woolworths and interim CEO at Dick White. In the UK he was a debt recovery appointment for shoe retailer Stead & Simpson, and led travel retail at WH Smith for three years.
He joins the barbecue retail specialist as it approaches its 50th anniversary, ready for further growth.
“Barbeques Galore is an iconic Australian brand, and I’m excited to take on this opportunity to drive a number of transformational initiatives and lead the business to the next phase of growth,” White said.
