Established in 1983, Watpac is a leading national construction company.
With over 30 years of growth and success, Watpac employs more than 700 people in Brisbane, Sydney, Melbourne, Adelaide, Townsville, Port Macquarie and elsewhere throughout Australia. In December 2018, Watpac became a wholly-owned subsidiary of leading international construction company BESIX and delisted from the Australian Securities Exchange.
Watpac’s competitive advantage comes from its diversified business strategy, combining the strength of its national reach and balance sheet with the depth of its local expertise and networks.
Our focus on customer intimacy allows us to deploy our skills as early and efficiently as possible, capturing value and minimising cost.
Watpac’s success story first began in 1983, when the company — then known as Watkins Pacific — established itself in Brisbane as a construction and property development business. After two years of rapid growth, which included completing projects such as the iconic Brisbane Entertainment Centre, Watpac listed on the Australian Securities Exchange in 1985.
In these formative years, Watpac stretched its operations further into Queensland, at one point opening offices in Cairns and the Gold Coast. In 1998, the company established its Townsville office, which continues to service the northern region of the state.
Over the years, Watpac’s strategy of growth through strategic acquisitions has seen the company broaden its services by expanding into New South Wales, the Australian Capital Territory, Victoria, South Australia, Western Australia and the Northern Territory.
Through major acquisitions of Grant Constructions in 2004, JA Dodd in 2007 and JMS in 2008, Watpac added mining services, civil infrastructure and civil landscaping to its portfolio of interstate construction capabilities and key disciplines. Watpac sold its civil and mining business in December 2018 after undertaking several active mining projects, primarily in Western Australia, for close to a decade.
Today, as a wholly-owned subsidiary of BESIX, Watpac is fully integrated in BESIX Group activities and has unfettered access to BESIX's international experience and enhanced technical capabilities. With excellence and innovation at the heart of how both companies do business Watpac can provide a broad service offering and an ability to compete more effectively in the Australian market.