Established in about 1964, by 2003 the company owned 27 cattle stations in Queensland and the Northern Territory controlling some 1,160,000 square kilometres (447,879 sq mi) of pastoral country.
[1] Properties owned by Stanbroke included; Augustus Downs, Davenport Downs and Tanbar Stations and in Queensland and Banka Banka, Brunchilly, Lake Nash and Helen Springs Station in the Northern Territory.
[2] The company was purchased in 2004 by the Nebo Group, which paid A$417.5 million plus taking on outstanding debts.
The sale was by far the largest rural transaction in Australia's history and included a herd of approximately 5,000,000 cattle.
On 2 December 2005, Menegazzo and his wife Angela were killed when the light aircraft they were in broke up in mid-air in central New South Wales, leaving their four children Brendan, Mark, Deborah and David in charge of the business.