About Us

Novafast Holdings is an Australian-owned private equity business, with its global investment subsidiaries focusing on advanced engineering and construction.

  • Oil & Gas
  • Mining & Resources
  • Water & Infrastructure
  • Design, Engineering & Construction

Our Approach

Novafast Holdings grows its financial investments within the group of companies by offering end-users turnkey direct value. We aim to be a global leader in growing innovative businesses for the advanced engineering and construction sector.

Our Core Values

  1. We care about our people, our contractors, our customers, our suppliers, and our shareholders.
  2. We value stakeholder relationships and aim for fairness in all of our dealings.
  3. We partner, seeking to build long term, commercially sustainable relationships, where all stakeholders benefit.


Novafast Holdings has over 20 years of operating experience in most major sectors.

Prior to 1999

Prior to 1999, the company traded under a former name. But in 1999, after an ownership change, Novafast Holdings was incorporated by Charles Figallo. Charles has over 35 years of business operating experience and an extensive knowledge of composite materials and corrosion protection.


Novafast Holdings founded.

Basetec Services founded in 1999. Basetec’s relationships with clients such as BHP, Santos, WDS, Viva Energy, and many more were growing. Basetec Services needed to divide the company into several divisions. These divisions are now referred to as Basetec Services incorporating:

  • Basetec Resources & Energy
  • Bastec Water & Infrastructure
  • Basetec Asset Maintenance
  • Basetec Infrastructure & Utilities


Novafast International founded in 2014.

Established in 2014, Novafast International went global, supplying its clients around the world with composite products and materials.

Novafast SE Asia incorporated. Established in 2014, Novafast SE Asia was set up in Malaysia as a sister company, and has since been awarded contracts with Petronas, Ori, and many more.

Nova Technology T/A DSA. Nova Technology, known as DSA, was established in 2014 to provide the market with expert consulting engineers. DSA has been awarded many significant contracts, both in Australia and overseas.


Nova Property founded. Established in 2015, Nova Property was the start of a brand new concept in commercial construction.

In recent years

Paul and David Figallo have become key leaders in the Novafast Holdings operating structure, and have driven change in the business direction and market positioning. Paul has 15 years’ experience with Basetec, and David has 12. Together, they bring a wealth of construction and contract execution knowledge to the company.


Based in Kilkenny, South Australia, Novafast Holdings, through the group of companies, offers engineering, design and construction services for the Water/Wastewater, Energy, Resources, Utilities, and Infrastructure sectors.

This is supported with after-sales and maintenance services through Basetec’s Asset Maintenance division. Novafast Holdings’ group of companies provides clients with innovation and cost-saving initiatives, utilising Novafast construction materials.