Mader Group founder Luke Mader has sold 4% of his stake and put a nice little ~$62mil into his back pocket. Don't worry, he still retains about 51% of the business.

They have also come out this morning and reaffirmed guidance, and disclosing that they've welcomed a strategic investor to their register.

Don't hold, has always been "too expensive", yet it shows what execution can do to price over time. EPS has consistently increased, as has the multiple.

Partial to a WA and Perth-based company, so will take a closer look over the coming days. Maybe as Luke lightens his load further I'll take some of his share.