Lloyds Corporate Brokers is pleased to announce the successful sale of DGH Engineering Pty Ltd, based in Queensland's Bowen Basin Coal province to a Strategic Industry Buyer - Cement Australia.
DGH is a locally Queensland owned company providing Engineering, Drafting, Fabrication, fitting, Machining, blast and painting, onsite construction, maintenance, scheduled services and breakdown support to the mining, port, water, defence force and sugar sectors with a focus on central and north Queensland.
The company was established in 2005 as DGH Engineering with branches in Mackay, Townsville and Emerald. DGH is strategically located in these areas to service their clients' needs. DGH strives to meet the needs of their clients who have a requirement for quality and timely engineering solutions.
They have diversified and grown with an established reputation for the safe and timely delivery of products and services to quality levels required by their clients. DGH continually strives to improve health and safety, environmental and quality performances and has achieved Quad Certification in their Quality, Environmental Safety management systems and Quality requirements for Fusion Welding. Certifications include ISO9001(Quality), ISO45001(OH&S) ISO14001(Environmental). These certifications allow DGH to deal with major corporations and government bodies.
An icon of the Australian Cement Industry, Cement Australia is the nation's leading supplier of cementitious products and services. With a world-class reputation, they deliver a broad range of competitive products and services – from bulk and packaged cement, fly ash and slag products to processing and utilising alternative fuels from waste management.
Cement Australia supply major concrete producers, building and engineering contractors, leading retail building suppliers and some of the nation's largest mines. The local DGH management team will be retained and the business will continue to focus on providing quality engineered products and services to its broad customer base.
Lloyds initiated the Off Market sales process with the preparation of an Information Memorandum to outline the opportunities for business growth going forward. Lloyds facilitated introductory meetings and site inspections with the Cement Australia and worked with the vendor and the advisors through all aspects of the sale process.
The Sale was conducted by Lloyds' Corporate Partner Wayne Fischer, Regional Manufacturing and Agricultural Specialist, and Lloyds Managing Director Garry Stephensen who worked closely with the vendor to achieve a successful result for both Vendor and Buyer.
If you own a business in the Engineering Fabrication 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.
