Lloyds Corporate Brokers has completed the sale of a Victorian-based provider and installer of Safety equipment throughout Australia.
A solution-based height safety business, Safety Plus Australia, is one of the few accredited with the ISO 9001-2015 Quality Management and AS/NZS 4801-2001 OH&S Safety Management systems, giving it a unique advantage in the market. Safety Plus Australia strives to provide the highest quality products that meet all relevant Australian Standards and codes of practice, facilitating high-quality solutions and installing all forms of height safety to the highest standard in a safe and compliant manner.
With an installation team of experienced and qualified technical consultants that has over 20 years of experience, Safety Plus Australia gained a stellar reputation in the industry, resulting in long-lasting and loyal relationships with clients and industry partners.
Lloyds Corporate Brokers initiated the sales process with a Business Appraisal and preparation of an Information Memorandum and Marketing Teaser. Lloyds then facilitated introductory meetings between the client and potential buyers and was involved in all aspects of the sale process, including deal structuring and negotiation of sales terms. This unique business attracted over 30 qualified enquiries.
The sale was conducted by Lloyds Victorian Corporate Partner Alexander Spencer, who worked closely with the owners to achieve an outcome that exceeded the owner's initial expectations by approximately 50%.
The business offered various unique features to its new owner including but not limited to the below:
"We are very happy and relieved with the outcome of the business sale. It has certainly been exhausting and a huge learning curve for us, but clearly worth it all in the end. Thanks for all your guidance and support". - Director Safety Plus Australia
If you own a business in the Safety Equipment 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.