Edington Agencies purchased by Aldridge Capital

Edington Agencies is a specialist provider of high quality, globally sourced electric motors and power transmission products that it supplies as part of best practice solutions to the HVAC and industrial service & replacement markets. The director’s long-term strategy of combining technical expertise with an extensive product range and high customer-service standards has earned the Business its undisputed position as the leader in the Queensland market.

Target Research: custom database of prospective
trade & financial buyers

Marketing Campaign: direct mail, national advertising,
35 direct C-Level calls to priority ‘Hot List’

Expressions of Interest: 28

The acquirer, Aldridge Capital, is an Australian investment company, based in Sydney, that holds multiple industrial businesses in its portfolio. The acquisition of Edington Agencies served to further diversify its holdings.

Crown Project Services sold to Currie & Brown

Crown Project Services provides independent project management services to Australia’s property and infrastructure sectors. The Business has a team of approximately 25 staff and specialises in managing building & construction projects that take place in active environments. CPS predominantly focuses on the health & aged care, commercial, education, and public institutions markets and to a lesser extent large-scale residential.

Target Research: client-supplied short list of priority targets

Marketing Campaign: call-out program to C-level contacts

Expressions of Interest: 18

The acquirer, Currie & Brown, is a global asset management and construction consultancy with operations across Europe, the Middle East, the USA, Mexico, India and the Asia Pacific region. The Business sought to expand its footprint in the Australian market by acquiring a head office in Sydney to complement its presence in Melbourne and Brisbane.

Torque Industries acquired by Coventry Group Ltd

Torque Industries is a diversified engineering company offering turnkey solutions primarily to customers who use hydraulic and pneumatic machinery. Based in Adelaide and operating for more than 30 years, the Business services both small and large companies across Australia as well as internationally to the USA, India, UAE, Korea, Vietnam and Singapore.

Target Research: custom database of prospective
trade & financial buyers

Marketing Campaign: direct mail, national advertising,
24 direct C-Level calls to priority ‘Hot List’

Expressions of Interest: +50

The acquirer, ASX-listed Coventry Group Ltd, provides industrial solutions to the mining, construction and manufacturing industries. The acquisition of Torque Industries aligned with Coventry’s strategic turnaround program aimed at growing its revenue-base and earnings.

Northern RV Group sold to Australia’s Fleetwood Corporation

Northern RV is a leading supplier of products and services to Australia’s recreational vehicle (“RV”) sector. It was originally established in 2006 to provide specialist Contract Labour Solutions to RV manufacturers and evolved to provide a broad range of Aftermarket Services & Repairs to other customer segments, while simultaneously becoming a leading national RV Parts & Equipment Distributor.

Target Research: custom database of
prospective trade & financial buyers

Marketing: direct mail supported by
76 C-Level calls to a priority ‘Hot List”

Expressions of Interest: 24

The acquirer, Fleetwood Corporation, is a publicly-listed company and leading Australian provider of innovative accommodation solutions as well as recreational vehicles, parts and accessories. This acquisition aligned with its strategy to further diversify its offering across the RV supply chain.

Australian Post-Grad Training Organisation sold to an Undisclosed Buyer

Johnsons’ client operates a leading, national post-graduate training organisation. It offers a well-regarded series of highly specialised continuing professional development courses to professionals working in its niche market. Servicing thousands of attendees every year, it also develops tailored training seminars for the organisations, who employ those professionals.

Custom Research: +460 prospective trade buyers

Hotlist: +20 direct C-Level calls to primary targets

Expressions of Interest: +53

Based in NSW, the buyer is an Australian education company that provides a broad range of e-learning solutions and blended courses to clients spanning corporate, government, NGOs and other training organisations. The acquisition presented an opportunity to expand its face-to-face training offering and to diversify into tailored course services.

Australian Online Spare Parts Reseller sold to an Undisclosed Overseas Buyer

Johnsons’ client operates a proprietary online eCommerce platform, paired with automated distribution systems, for the national retailing of spare parts & consumables for a wide range of domestic appliances and consumer electronics.

Custom Research: +800 prospective domestic & international buyers

Hotlist: 20 direct C-Level calls to primary targets

Expressions of Interest: +44

Based in Europe, the buyer is a leading spare parts supplier to markets across the EU and globally. For this wholesale distribution group, the acquisition presented an opportunity to expand into a new geographic market as well as to diversify its revenue streams.

BusinessWorks purchased by Hal Group

BusinessWorks is an IT services provider focused on the SME segment in a niche geographic market. Based to the east of Melbourne’s CBD, the Business offers a mix of high value-add services, centred around its core managed services offering and also comprising solutions design & deployment as well as on-demand or ad-hoc support, including break/fix services.

Custom Research: +1,400 prospective buyers

Hotlist: 20 direct C-Level calls

Expressions of Interest: +100

The acquirer, Hal Group, is a complete IT services company that offers a wide range of solutions to the SME, corporate and government sectors. Based in NSW, this acquisition presented Hal Group an opportunity to extend its geographic reach to include Victoria as well as to expand its managed services offering.

Metco Industrial acquired by Thoroughclean Australia

Metco Industrial specialises in the design, assembly and manufacture of industrial water blasting equipment built to meet Australian conditions. It services markets across Australia and the South Pacific, supplying industrial services firms with customised solutions for high pressure cleaning & surface preparation as well as cold cutting & hydro-demolition.

Custom Research: +540 prospective trade buyers

Hotlist: 20 direct C-Level calls

Expressions of Interest: 39

The purchaser, ThoroughClean, is a Queensland manufacturer of mid-range high pressure water cleaners that supplies several market sectors, including both light and heavy industrial. For the company, this acquisition is an important step in achieving its goal to become the leading supplier in Australia and New Zealand of a diversified range of high pressure water solutions.

Mayneline Kitchens & Joinery acquired by an Undisclosed National Construction Group

Based on Queensland’s Gold Coast, Mayneline is a leading cabinetry and joinery manufacturer specialising in multi-storey residential developments in the greater Sydney, Canberra, Melbourne and Brisbane metropolitan areas. Operating through two divisions, the Business provides turnkey joinery solutions to leading tier-one and tier-two builders / developers of premium projects ranging in size from 50 to 800+ units.

Custom Research: 1,100+ prospective buyers

Hotlist: 34 direct C-Level calls

Expressions of Interest: 42

The Business was purchased by interests associated with a national construction group. This acquisition presented an opportunity for strategic diversification as well as control over the supply of key inputs. It has simultaneously broadened the group’s service offering and extended its customer-base.

Superior Activewear purchased by Gildan Inc.

Superior Activewear was a market leading importer & national distributor of premium printable apparel, which it supplied to a wide range of Australian wholesalers as well as to online resellers. Founded in 2004, the Business quickly attained a dominant position in the domestic supply of printable t-shirts.

Custom Research: 1,470+ prospective buyers

Hotlist: 37 direct C-Level calls

Expressions of Interest: 49

The purchaser was the major supplier to the Business. Gildan Inc. is a world leader in clothing manufacturing, headquartered in Canada and managing a diversified portfolio of company-owned brands. This acquisition presented an opportunity to establish a directly-controlled distribution foothold in the Australian marketplace.