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Why Family Business Matters? A Celebration of Kennards Hire

KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.

10 April, 2024
Article, Family Business, Family-Owned Business, Partners
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As Kennards Hire celebrates its 75th anniversary, KPMG Australia and Family Business Association acknowledges the extraordinary contribution that this family business has made to Australia.

Kennards Hire is a proud family-owned and operated Australian business that has stood the test of time since 1948 by building long-term rapport with their customers and suppliers. They have over 200 sites and branches and almost 2,000 team members across Australia and New Zealand.

Kennards Hire are deeply embedded in Australia’s housing and building infrastructure. There wouldn’t be too many sites in Australia without a piece of Kennards Hire equipment being used to build and grow this vital sector. The business sources the majority of their equipment locally in Australia.

Whilst the environment that Kennards Hire operates in has changed significantly over the years, for them, the one constant is how they live and breathe their values every day.

As Angus Kennard shared recently, "family businesses tend to look to the longer term, and, in doing so, invest in innovation and entrepreneurship, this drives growth and has been a key factor in Kennards Hire's business success over three generations".

Family businesses also contribute enormously to the broader community and Kennards Hire is no exception. The Kennards Hire Foundation exists to help support disadvantaged young people and the environment. Its vision is to make Australia and New Zealand better places for future generations.

Over 70% of Australian businesses are family owned and employ over half of Australia’s workforce – a huge contributor to Australia’s economic resilience and success. Please join us in congratulating the Kennard family on being one of those significant businesses.

KPMG is a professional services firm with global reach, and deep expertise in audit and assurance, tax and advisory and in the family business sector.