Prime Trust sets its sights on being the industry’s largest while the founder earns $80 million in seven years

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In just over seven years Prime Trust has quietly built a stable of approximately 37 villages and 9 aged acre facilities in all states except WA and Tasmania. The founder, Bill Lewski, has been rewarded by selling his share of the business for a reported $80 million this week to Kidder Communities, part of a boutique Melbourne corporate advisor named Kidder Williams. They say Prime Trust can grow to be the country’s largest owner of retirement resorts by mergers or acquisitions. Another quiet achiever, Kidder Williams have a track record in ‘industry aggregation’ with companies like Bega Cheese, Jetset Travelworld and Tassal, the Tasmanian salmon producer.

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The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.