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.

Air Hydraulic Power Centre acquired by Pacific Hoists

Repairs, maintenance & sales of pneumatic tools, high pressure hydraulics and heavy lift equipment to the mining industry. Located in Western Australia and having traded for 20 years, the Business offered several bespoke products to meet specific needs of its mining industry clients. In more recent times, the Business had become a non-core subsidiary of a larger private Engineering Group.

Custom Research: 1000+ prospective trade buyers
Hotlist: 25 direct C-Level calls
Expressions of Interest: 37

The purchaser, Pacific Hoists Pty Ltd, a privately owned Materials Handling Australian family business, holds a market leading position in both the Australian and New Zealand lifting and materials handling markets.

Hi Way Hydraulics acquired by Coventry Group Ltd

Hydraulics Repair, Maintenance, Service and Sales. Operates from two QLD locations offering: workshop and mobile field service repairs & maintenance, replacement sales of parts and equipment, as well as custom design, manufacture & installation of hydraulic equipment. The Business employed 12 staff and generated revenues of approximately $5 million with EBIT margins of circa 25%.

Custom Research: 1000+ prospective trade buyers
Hotlist: 30 direct C-Level calls
Expressions of Interest: 55

The purchaser, Coventry Group Ltd is an ASX listed diversified industrial company with businesses across a range of market segments and over 70 branches around Australia and New Zealand.