FacebookYoutubeLinkedIn
Live data feed: 4pm 19th Mar 2024         Total Business Sales: $521.9 million         ROI On Capital Invested: 28.00%         EBITDA To Owner: $157.2 million         Recent Deals: Import, Wholesale, Distribution - Strategic acquisition by Trade Player     |     Safety Height Inspection & Fall Protection - Strategic acquisition by PE Trade Player     |     E- Commerce On-line Resume Writing - Strategic acquisition by Trade Player

Corporate Brokers News: Cannings Sold To Private Investor

Garry Stephensen

Article Author: Garry Stephensen
Position: Managing Director
Read time: 4 mins

Share Article:

Sector: Outdoor Power Equipment

Lloyds Corporate has completed the sale of a highly successful and much sought-after Distributor of Outdoor Power Equipment in Melbourne, Victoria.

 Cannings_Logo_.jpg

 Chainsaw_2.jpg     Ropes.jpg                                                 

Operating for over 60 years this is a highly successful and profitable business with an established reputation for innovation and excellence. 

Located in Melbourne's fastest-growing corridor it is well-positioned to service both residential and professional clients.

Recognised as being the pre-eminent supplier of arborist products in Victoria, enjoying the status of Victoria's, No. 1 STIHL dealer for the majority of the last 20 years, and has also earned Australia's No 1 STIHL dealership award. 

Over the last six decades the owners have built trusted relationships with customers and suppliers and enjoy the benefits of a mature and proven supply chain.  With longstanding agreements built up over years of close collaboration in all aspects of operation.

The sale of this niche business follows an off Market, highly successful marketing campaign that resulted in several qualified enquirers and offers on the table and a great example of Vendor and Buyer working together to achieve a fantastic result. 

The sale was conducted by our Victorian Director Edward Alder who, through using the proven Lloyds Brokers Business Sales Process, was able to achieve a highly pleasing result for both the Vendor and Buyer.  

Latest News

 
Recent Transaction News
 
Corporate Brokers News

View our track record of business sales.

 If you own a business in specialist rural sectors, talk with Lloyds Brokers for advice on how to buy or sell a business, contact the experts at Lloyds Brokers, Australia's Industry Leading Corporate Broker on 1300 366 943.

Get In Touch

Email

The Lloyds Advantage
 
 
The Lloyds Advantage
Maximum Value, Fast!
We specialise in achieving the maximum sale price for your business with the best possible deal structure for you and within a fast timeframe.
 
 
The Lloyds Advantage
Real Business Experience
Lloyds have over 40 Years of industry experience with a team of passionate and qualified business brokers, specialising in mid-market business sales of $1 million to $100 million.
 
 
The Lloyds Advantage
Free Business Appraisal
A qualified business broker will provide you with an obligation free, pre-sale appraisal of your business, so you know what approx timeframe and price to expect before proceeding.
 
 
The Lloyds Advantage
Access To Buyers
Lloyds has an Australian and International reach, with a database of over 50,000 prospective buyers and equity firms ready to start marketing your business to.
 
 
The Lloyds Advantage
Confidentiality Guaranteed
With discrete marketing techniques your confidentiality before, during and after the sale process is guaranteed.
 
 
The Lloyds Advantage
Step-By-Step Guidance
We step you through the process finding the right buyer, preparing to achieve maximum sale value and closing the sale.
 
 

 


 
Lloyds Corporate Brokers is a Corporate Authorised Representative under AP Lloyds Pty Ltd.
Australian Financial Services License 526061
Recent Press Releases:

Copyright 2018 © Lloyds Business Brokers 2008