The Business specialises in the Manufacture, Overhaul and Maintenance of an exclusive range of equipment for the open cut and underground mining industries.
The existing management Team will continue to run the day-to-day operations of the business during a 2 year handover period.
The Acquisition brings to the Buyer an innovative range of products and services that complement the group's existing offerings, enabling them to strengthen even further their relationships with customers.
The sale of this niche business to a trade buyer follows a highly successful marketing campaign that resulted in 36 qualified enquirers and several offers on the table. It was a great example of vendor and buyer working together to achieve a fantastic result.
The Sale was conducted by Lloyds Business Brokers Senior International M&A Specialist Kevin Sutherland, and produced an outstanding result for both parties using Lloyds "Target Marketing".
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If you own a business in the Mining Services, Engineering, Contracting, or associated sectors, talk with Lloyds Brokers for advice on how to sell your business. Contact the experts at Lloyds Business Brokers, Australia’s industry-leading Corporate Broker on 1300 366 943.