Lloyds Corporate Brokers is pleased to announce the successful sale of RTM Engineering Pty Ltd, based in Queensland's Bowen Basin Coal province to a Strategic Industry Private Buyer that was based out of Qatar in the Persian Gulf.
Since 1990 RTM Engineering has been a family owned and operated business committed to be the service provider of choice to owners, developers and clients throughout the Bowen region.
RTM Engineering is a 'multi-faceted' engineering company providing the full range of engineering services.
Operating from a modern facility with a design and drafting department, fitting and machine shop, welding bays, fabrication and assembly areas, industrial blasting and painting, hydraulic hose manufacture, hydraulic component repairs, retail sales store and corporate services office
The acquisition provides the purchaser with the following benefits.
• Professional quality services
• End to end engineering product and services capability
• Centrally located near major Coal Terminal and Mines in the Bowen Basin
• Team of over 45 qualified and highly skilled professionals
• Diversified product and service offering
• Future expansion opportunities
• Blue chip clients
RTM Engineering Pty Ltd.'s main workshop is located 10km from the heart of the Bowen business centre, 30 minutes' drive from export coal terminal of Abbot Point and one hour from the nearest Bowen Basin mine sites.
Bowen is centrally located between the larger centres of Townsville and Mackay. From this ideal location RTM Engineering is able to provide services to clients within the region including, Bowen, Collinsville, Newlands and as far reaching as Moranbah.
The region continues to prosper and grow in rich resources such as coal, power and agriculture.
RTM Engineering has the capabilities, facilities and equipment to do small, medium and large jobs across all industries. They provide a diversified end to end service offering, Design and drafting capability, fully equipped workshop and onsite service as well retail sales outlet.
Today they operate from the original location offering a modern facility with a design and drafting department, fitting and machine shop, welding bays, fabrication and assembly areas, industrial blasting and painting, hydraulic hose manufacture, hydraulic component repairs, retail sales store and corporate services office.
Historically the business has been able to respond very quickly to the needs of the wider community and industries. Over the years the need to stock materials and components for the manufacturing of equipment has been identified.
The client base has diversified over time and now includes Coal Handling and Power Generation industries, Transport, Construction and Agricultural industries. RTM is committed to working with the local community and these industries to provide innovative and effective solutions.
Over time RTM has built a stable workforce with many of their employees being 'long term employees'. A top priority has been in supporting the local community by providing career opportunities for local people. Each year two apprenticeships and or traineeships in the trades are offered.
Lloyds initiated the sales process with the preparation of an Information Memorandum and marketing teaser. This highly sought-after opportunity received National and International enquiries. Lloyds facilitated introductory meetings and site inspections with prospective buyers and worked with the vendor and the advisors through all aspects of the sale process.
The sale was facilitated by Lloyds Corporate Brokers' Managing Director Garry Stephensen which worked closely with the Buyer and Seller to achieve a successful result.
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.