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Business Brokers News: Cannings sold to Private Investor

Sector: Outdoor Power Equipment

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

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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.  

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

View list of businesses sold by Lloyds

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