Patrick Corporation is an Australian seaport operator with operations in

Brisbane Brisbane ( ) is the capital and most populous city of the Australian state of Queensland, and the third-most populous city in Australia and Oceania, with a population of approximately 2.6 million. Brisbane lies at the centre of the South ...

, Fremantle,

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...

and Sydney. Formerly listed on the Australian Securities Exchange, it is owned by

Brookfield Asset Management Brookfield Asset Management Inc. is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct contro ...

and Qube Holdings.

History

Patrick Steamship Co was founded in 1919 by James Patrick. It operated a shipping service with the SS ''Timaru'' out of Sydney along the East Coast of Australia. By 1925 it was operating as both a

shipping line A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that i ...

and

stevedore A stevedore (), also called a longshoreman, a docker or a dockworker, is a waterfront manual laborer who is involved in loading and unloading ships, trucks, trains or airplanes. After the shipping container revolution of the 1960s, the number ...

, gradually expanding interstate. The shipping operations were sold to Howard Smith Limited. Patrick was one of the main parties in the 1998 Australian waterfront dispute. In '' Patrick Stevedores Operations No 2 Pty Ltd v Maritime Union of Australia'', Patrick was found to have illegally dismissed its workforce. In 2000 Patrick Corporation took over

Holyman Holyman was an Australian company that operated cargo ships and ferries in Australia and other countries. The company had three divisions; Domestic shipping and transport services, Ferries and Bulk commodity handling. The company was founded ...

. In February 2002, in partnership with Toll Holdings, it acquired a 50% shareholding in

Pacific National Pacific National is one of Australia's largest rail freight businesses. History In February 2002, National Rail's freight operations and rollingstock (owned by the Federal, New South Wales and Victorian Governments) were combined with Freig ...

that purchased

FreightCorp FreightCorp (formally the ''Freight Rail Corporation'') was a railway operator owned by the Government of New South Wales responsible for intrastate and some interstate rail cargo handling from its creation in January 1989 until it was privatis ...

and the

National Rail Corporation The National Rail Corporation was an Australian rail operator established by the Federal, New South Wales and Victorian governments in February 1992. In February 2002, National Rail was sold to a Patrick Corporation and Toll Holdings consort ...

. In March 2002, Patrick acquired a 50% stake in Virgin Blue. It took control of the airline in March 2005, ultimately having a 63% shareholding.Patrick knocks back takeover bid
ABC News. 22 August 2005 In August 2005, Toll Holdings launched a hostile takeover bid for Patrick Corporation. In January 2006, the

Australian Competition & Consumer Commission The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Trad ...

(ACCC) announced it would not allow that Toll to takeover Patrick Corporation. However, in March 2006, after the ACCC announced it would allow the takeover after Toll gave further undertakings including disposing of its 50% shareholding in Pacific National. In April 2006, Patrick Corporation agreed to accept Toll's revised bid for the company after spending nine months fighting the hostile takeover. Having gained a 90% shareholding in May 2006, Toll was able to compulsorily purchase the remaining shares and delist the company from the Australian Securities Exchange. In June 2007, Patrick Corporation and Pacific National were spun off from Toll Holdings as

Asciano Asciano () is a ''comune'' and hill town in the province of Siena in the Italian region Tuscany. It is located at the centre of the Crete senesi between the river Ombrone and the torrent Copra, some southeast of the town of Siena by rail. Hist ...

. As part of the break up of Asciano, a consortium of

and Qube Holdings purchased Patrick in August 2016. The Bulk and Automotive Port Services business was sold separately as the Linx Cargo Care Group.About
Linx Cargo Care Group

References

External links

Company website
{{Authority control Companies based in Melbourne Companies formerly listed on the Australian Securities Exchange Defunct railway companies of Australia Defunct shipping companies of Australia Port operating companies Australian companies established in 1919