Lloyds Corporate Brokers is pleased to announce the successful sale of a leading south east Queensland Timber Products manufacturer to a notable interstate industry player. The partnership accelerating the buyer's national expansion through both organic growth and acquisition. The new owners now immediately enter a market where they dominate with further room to grow. The previous owners exit now allowing him to pursue his retirement plan.
Founded in 1988 and acquired by the previous owner in 2004, the company is recognised as a quality timber products manufacturer of quality Pine Pallets, Crates, bedframes and Skids, all made in house using sustainable plantation timbers. The business services a loyal range of private and commercial high profile customers whether it is for use across Australia or for the international market. The Business has performed consistently over the years with continuous revenue growth resulting in the expansion of its manufacturing facilities to a second site.
Lloyds Corporate Brokers played a key role in facilitating the sale, able to match the vendor with the buyer because of its sector knowledge underpinned by its extensive networks and marketing activities including market research. Lloyds initiated the sales process with a business appraisal, facilitating introductory meetings between the buyer and the vendor and working with the vendor and the advisors through the sale process, including deal structuring and negotiation of sale terms.
The sale was conducted by Lloyds QLD Broker Dianne Reynolds, who worked closely with the vendor and its advisers to achieve a successful result for both vendor and buyer.
"Unemployment I think will be an exciting new way of life. Thank you for all that you did. As you said it took a while but we got there. The new owner will no doubt be a positive for the future of the business. I will certainly be recommending yourself if I'm ever asked for a recommendation of a business broker".
Corporate Advisor to the Vendor:
"Thank you for introducing such a quality and ethical buyer for the business. I am pleased to confirm that we have settled¦".
With 38 years' experience under its belt, Lloyds Corporate Brokers has pioneered an effective model of business brokerage, managing a small number of selected assignments at any one time, focusing on each one until it is sold.
Each broker is allocated a small number of assignments (up to six) so they can fully familiarise themselves with each one, enabling them to present each business in the best possible way. Typically, a broker will not take new assignments until one has been sold.
The result is that each business is handled with the care and attention required to secure the best possible price. Confidentiality is guaranteed.
Lloyds' consultants are qualified professional business brokers with a wealth of corporate advisory, consulting, and industry experience. They expertly guide business owners' step by step through the process of selling or buying a business.
If you own a business in the timber product design and manufacture sector, talk to one of our specialists about how Lloyds can help your business expand, sell or raise capital. We have teams of Brokers in Melbourne, Brisbane, Gold Coast, Adelaide and Sydney.