Terrence E. Peabody

Terrence "Terry" Elmore Peabody (born September 12, 1939 in Guam ) is a businessman with American roots. Peabody became known in the 1980s as the founder of Transpacific Industries , now Australia's largest waste management company .

life and work

The graduate of the Culver Military Academy (graduation 1958) came to Australia in the sixties and became a multimillionaire there . He initially worked as an engineer in the gigantic Snowy Mountains System , one of the world's largest dams, which was built from 1949 to 1974. When building the tunnels and dams required for this, liquid cement was used to stabilize the subsoil. It was there that he developed his first business idea: He noticed that fly ash , which was used in cement production and which had been imported at great expense up to that point, was also a waste product in Australian coal mining. Peabody founded the Pozzolanic company and started trading fly ash, which he bought from coal miners and resold to the cement industry. He went public with parts of this company in the 1980s and sold his shares after a significant increase in value. He invested the profit he made in new businesses.

In 1987 Peabody founded Transpacific Industries . The aim of founding the company was to establish a strong player in the then still fragmented waste disposal market. Peabody achieved this through an aggressive acquisition strategy, in the course of which he bought almost 50 small and medium-sized waste disposal companies within just two years. This strategy was basically successful, but it was debt-financed. During the financial crisis from 2007 , this was Peabody's undoing, the shares of Trans Pacific fell from over 10 US dollars to 80 cents. Peabody had to agree to an emergency sale to an investor in 2009 and left the company a year later. In 2012, Peabody sued Transpacific for $ 4.6 million in damages because during the bidding phase the company no longer admitted a higher-bidding investor whose bid was received after the bidding period had expired.

The Forbes Magazine led Peabody in 2006, before the financial crisis, at number 18 of the richest Australians. During the heyday of Transpacific Industries, it was nicknamed "Australia's Golden Garbo," referring to the fact that he turned other people's trash into a billion dollar fortune. Over the years Peabody has also served as CEO and Chairman of the Board of Western Star Trucks , Founder and Chairman of the Board of StarDyne Technologies Inc., and Director of Tandem Trading Pty , an Asian food import / export company .

He currently has two activities in focus: On the one hand, he is still taking care of the remaining parts of his company Pozzolanic Industries in the Philippines (disposal / fly ash) and the Craggy Range winery in New Zealand , founded in 1997 , which is a family business with the participation of his sons TJ and David and their daughter Mary-Jeanne. To date, the Peabody family has invested $ 65 million in the Craggy Range.

Peabody lives with his second wife Mary alternately in Queensland / Australia, New Zealand and Whistler / Canada .

Individual evidence

1. ↑ Terrence Elmore Peabody
2. ↑ birth certificate
3. ↑ Lessons from a former star ( Memento of the original from April 12, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. 
4. ↑ Meet Brisbane Billionaire Terry Peabody