A JOHNSONS CORPORATE ACQUISITION
Johnsons is pleased to announce the successful acquisition of a private, mid-sized Australian business by a strategic trade buyer. After facilitating a comprehensive, end-to-end acquisitions campaign, our client – Canon Business Services (CBS) – has purchased Satalyst for an undisclosed amount. Headquartered in NSW, CBS is a leader in business process outsourcing as well as providing clients with secure managed IT services, IT infrastructure and Cloud technologies. WA-based Satalyst, is one of Microsoft’s most experienced and tenured cloud and security solutions partners based in Australia.
The team at Johnsons were pleased to act as lead advisors to CBS’s executive team and would like to extend our congratulations to both the purchaser and the vendor.
In early 2021, CBS engaged Johnsons to assist in the execution of an acquisitions program. Targeting strategic industry sectors, the objective was to accelerate CBS’s growth goals by providing customers with adjacent / complimentary solutions, while reenforcing CBS’s leading market position.
Using custom research and running an anonymous marketing campaign, Johnsons identified various “off-market” acquisition opportunities. These parties were then thoroughly screened, resulting in a short-list of pre-qualified targets. After completing detailed company profiles and facilitating a series of management meetings, Johnsons assisted CBS in narrowing its focus to a preferred candidate, Satalyst. As a leading Microsoft cloud and security partner, Satalyst was an excellent strategic and technical fit with Canon Business Services ANZ. The acquisition strengthened CBS’s application, security, data and AI capabilities, while providing the Satalyst business with the backing needed to fast-track its expansion plans.