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Business Brokers News: Coastal Energy sold to Private Investment Group

Sector: High Voltage Electrical Power Reticulation and Street Lighting

Coastal Energy

 

Coastal Energy provides power reticulation and street lighting services to Property Developers and Councils throughout Queensland.  The Company is an A-rated service provider (the highest possible supplier rating) for Queensland’s major electricity distributors, Energex and Ergon Energy. 

Coastal Energy specialises in supply and installation of electrical systems such as street lighting in new subdivisions throughout Queensland. 

Coastal Energy performs work involving supply and installation of electrical reticulation to new subdivisions.  The Company is required to use cable and materials to the standards imposed by Energex and Ergon Energy.  Services include installation and service of networks for:

  • Street lighting

  • Traffic Signals

  • Embedded networks

The Sale of the business was conducted by Kevin L. Sutherland – Director International Business Sales, using Lloyds Tender Process in conjunction with the application of Lloyds Target Marketing produced some spirited offers which resulted in a highly successful Sale.

“Kevin put a deal together with a private investment group that worked very well for each of the owners. It allowed each owner to reach their own individual goals, whether that was to retire from the business or continue to work and manage the business. In the end it was a perfect scenario, a perfect fit, and much more money than we expected.”

The Investment Group have acquired 60% of the business and with management retaining the balance are looking to aggressively grow the business.

 QUEENSLAND'S FUTURE

Queensland businesses within the energy and infrastructure sectors are set to have a bright future, expanding yearly.  The Queensland Government has outlined its 2018- 2030 plan for new and upgraded infrastructure.

As shown below, the population growth is predicted to grow substantially throughout Queensland, especially in the major city centres.  To accommodate population growth, entire suburbs of new streets and transport infrastructure will be needed.  Street lighting and power reticulation services will be heavily required by state government services as new roads are laid and old ones upgraded to handle increased traffic.

Queensland infrastructure plan

The Queensland government predicts that by the year 2036, QLD roads will experience close to double the amount of traffic and usage compared to 2018.  The budget for infrastructure has therefore been increased proportionately, providing opportunities for businesses in the energy and construction industries.

Do you own a business in the engineering, electrical or construction sectors?  If you are interested in continued business growth, strategic partnerships or acquisition, talk to our Brisbane Corporate Brokers today.

Click on the left navigation links to read more news and press releases.

 View list of businesses sold by Lloyds

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