Lloyds Corporate Brokers is pleased to announce the Successful Sale of a long-established Australian specialist in Equipment Hire, Wastewater Solutions, and on-site Environmental Services.
Established in 1972, Benkel Hire is a comprehensive provider of essential infrastructure, hire equipment, and compliant wastewater management solutions to residential, commercial, and industrial clients portable sanitation solutions in Melbourne and its surrounding suburbs. The business delivers its services and support a broad range of construction, civil, and property projects, underpinned by recurring demand, regulatory requirements, and longstanding customer relationships.
▪ Specialising in the commercial pumping and waste services, the Company also supplies portable toilets for both construction sites and events.
▪ The services encompass disabled toilets, executive bathrooms, waste holding tanks, urinals, hand wash stations and portable single showers.
▪ The business takes pride in its end-to-end services, handling
everything from supply and delivery to servicing, maintenance, and
pick-up of each hire item.
The sale process generated significant interest from a diverse range of qualified acquirers, including strategic industry participants, trade buyers, and private investors. The business was ultimately acquired by a strategic investor at an EBIT multiple of over 4x the five-year average, highlighting the company's quality fundamentals, strong market positioning, and positive outlook.
Lloyds Corporate commenced the mandate with a detailed Business Appraisal, Preparation of an Information Memorandum, Targeted campaign that generated over 120 qualified enquiries and multiple Expressions of Interest. The structured process ensured confidentiality, competitive tension, and clear alignment with the Vendor's strategic objectives throughout the transaction.
The acquisition was led by Geoffrey Tulett, Director - Lloyds Corporate Advisory (M&A Specialist), who worked closely with the vendor to facilitate a seamless transaction and deliver an optimal outcome for all parties involved.
Lloyds Corporate Brokers extends its appreciation to the vendor for their trust and collaboration and congratulates the new owner as they continue the company's legacy of dependable service, operational excellence, and industry leadership.
If you own a business in the Industrial Services sector, talk with Lloyds Brokers on 1300 366 943 for advice on how to buy or sell your business. We have teams of brokers in Melbourne, Brisbane Brokers, Adelaide Brokers and Sydney Brokers.
