Redcat Industries sold to Private Investor Group
Lloyds Brokers has completed the Sale of a highly successful and much sought after local manufacturer and exporter whose name is synonymous with design, quality and service.
The company, Redcat Industries, manufactures in Brisbane, producing distinctive, globally competitive products for fleets and truck makers. The business is a leader in an exclusive, ever expanding global market with limited competition, protected by international patents and trademarks in Australia and other major international markets.
Established in 2000, Redcat is a leading manufacturer and global distributor of wheel safety products, with its name synonymous with good design, quality and service. Working via its patents and trademarks, Redcat provides the most efficient wheel safety available, utilised by vehicle fleets in Australia and other major international markets. Redcat also manufactures a large range of additional wheel safety designs supplementing the vast majority of wheel configurations.
Redcat is seeing a transition from single pointers to patented indicator retainers. Wheel safety Indicators are compulsory in most Australian mine sites and are written into most large fleet compliance sheets, increasing the demand for these products.
Redcat' patented links are exclusive as they provide loose wheel indication, nut re-tension and hot wheel indication in one robust single piece which is expandable or contractable to fit multiple nut spacings. In an ever-increasing safety compliance environment, Redcat patented designs provide a cost-effective wheel safety opportunity by combining critical indication with nut re-tension.
Redcat supplies the Transport industry, Mining Industry, Defence Industry, Public Transportation and the Building industry. They leverage their excellent relations with the leading vehicle parts companies and major tyre retailers throughout Australia and Asia Pacific, all of which are return customers over many years. There are significant opportunities for growth in the major markets covered by Redcat's patents and this acquisition will accelerate Redcat's national and international expansion.
Lloyds initiated the sales process with a business appraisal and preparation of an Information Memorandum and marketing teaser. This highly sought-after business received over 40 qualified enquiries. Lloyds facilitated introductory meetings between prospective buyers and the vendor and worked with the vendor and the advisors through all aspects of the sale process, including deal structuring and negotiation of sale terms.
The sale was conducted by Lloyds' NSW Director, Karen Dado, who worked closely with the vendor to achieve a successful result for both vendor and buyer.
"Karen and Lloyds worked very hard to achieve this excellent result; helping us to best summarise and communicate Redcat's strengths, providing us with good guidance throughout the negotiations and generally showing determination to help us complete the sale" ~ Redcat founder and vendor, Ron Mason.
If you own a business in the manufacturing 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.