Darwin-based building company PTM Group was established 40 years ago by Peter Papadakis and is now operated by his sons, Tony and Michael. NAB speaks to Tony about the evolution of the family firm, from small cabinetmaking business to $30m market leader.
Spending school holidays working in his father’s cabinetmaking and building company, there was no doubt in Tony Papadakis’s mind that he’d one day continue the family business.
But it’s a very different operation today under his (and his brother Michael’s) management as they’ve steered it to meet challenges and grab opportunities in a shifting marketplace.
The small business Peter Papadakis began 40 years ago after migrating from Greece has evolved into a $30 million commercial and residential construction and building management company, with the moniker on the door – PTM Group – an amalgam of the founder and sons’ names.
PTM has been with NAB for 22 years. “We’re proud to work with them,” says banker Matthew Tybell. “They’ve moved from being a one-man developer into a diversified construction and investment business.”
The company has received numerous Housing Industry Association and Master Builders Association awards as it has continued to grow and diversify. The past couple of years included expansion for the first time outside the Northern Territory, plus winning one of Darwin’s highest-profile public projects, rejuvenating the CBD with a shade structure spanning one of the city’s main streets.