Australia's largest builder of ambulances, Byron Group, has been placed in administration, according to documents filed with the Australian Securities and Investments Commission on Friday.
As first reported by Street Talk, Byron Group, which is owned by Wolseley Private Equity, has appointed Phil Carter and Daniel Walley from insolvency firm PPB to advise on a restructuring solution.
Sources said the review by PPB was likely to result in a sale of the business.
Byron is the country's leading manufacturer of emergency service vehicle solutions, supplying Australia's emergency and ambulance services as well as other local and offshore clients. It also exports ambulances to the Middle East and south-east Asia.
The company employs more than 300 people in Australia and the United Arab Emirates.
Wolseley chair Mark Richardson is on the board.
