Tag Archives: business divestment

March 2021

A JOHNSONS CORPORATE DIVESTMENT

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to a financial buyer. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – Ausdeck Group – has been acquired by Alpin Group for an undisclosed amount. Based in Queensland, Ausdeck Group represents a collection of specialised manufacturing businesses, primarily serving the Australian home improvement and construction industries. The Australian buyer, Alpin Group, is an integrated investment and advisory house focused on privately-owned enterprises with operations in Australia and/or New Zealand.

The team at Johnsons were pleased to act as lead advisors to Ausdeck’s directors and would like to extend our congratulations to both the vendor and the purchaser.     

In early 2020, Johnsons was engaged by Ausdeck’s founder to undertake an international divestment campaign, with a view to finding a strategic acquirer for the Business. His objective was to exit his shareholding, crystalising historical growth, while ensuring continuity for the Group’s businesses, their long-dedicated management teams, and employees. In the face of many Covid-19 induced challenges, Johnsons secured Offer & Acceptance and successfully brought the deal to completion.

Commenting on the divestment experience, Ausdeck’s founder Stewart Craig remarked: “I guess to sum it all up, the team at Johnsons led me through the whole process and provided invaluable guidance along the way. They assisted me to overcome numerous obstacles, which were unforeseen from my perspective and managed the multiple stakeholders from beginning to end.”

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May 2021

A JOHNSONS CORPORATE DIVESTMENT

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to a strategic trade buyer. After facilitating a comprehend-sive, end-to-end sales and negotiations process, our client – Fluid Power Services – has been acquired by Coventry Group Ltd for an undisclosed amount. Based in Tasmania, Fluid Power is a long-established provider of hydraulic engine-eering services to customers in the Mining & Metals, Infrastructure, Trans-port & Logistics, Building & Construction Timber, and Industrial Services sectors. ASX-listed Coventry Group provides industrial solutions to the mining, cons-truction and manufacturing sectors.

The team at Johnsons were pleased to act as lead advisors to Fluid Power’s directors and would like to extend our congratulations to both the vendor and the purchaser.                  

In 2019 after growing the Business for almost 30 years, Fluid Power’s directors engaged Johnsons Corporate to conduct a national divestment campaign. They sought to exit the Business and create a succession plan for its future continuity by way of a sale to a third party. In the face of Covid-19 induced challenges, Johnsons secured Offer & Acceptance in late 2020.

Commenting on the sales process, Fluid Power’s Richard Lawson explained: “As they say timing is everything, and Johnsons stayed with us every step of the way to complete the transaction. In the end it may have taken us longer than we first thought, but both of us are extremely happy with the result. We can’t recommend Johnsons highly enough. Coventry Group is a great fit with Fluid Power, and we couldn’t have gotten here without them.”

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June 2020

A JOHNSONS CORPORATE DIVESTMENT

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to a synergistic trade buyer. After facilitating a comprehensive, end-to-end sales & negotiations process, our client – Beemart Fruit & Veg – has been acquired by JE Tipper for an undisclosed amount. Based in Bundaberg, Beemart is a long-established wholesaler of fresh fruit and vegetables, comprising wholesaling, marketing, transport, retail and banana ripening operations. The acquirer, JE Tipper, is one of Australia’s premier fresh fruit marketing, wholesaling and logistics businesses.

The team at Johnsons were pleased to act as lead advisors to Beemart’s founding director and shareholders and would like to extend our congratulations to both the vendor and the purchaser.

In 2019, Beemart engaged Johnsons Corporate to undertake a divestment campaign of behalf of its founder. After 50+ years building the company, Neville Beston sought to step back and set in place a succession strategy for his retirement. Within 12 weeks of going-to-market, Johnsons’ proactive approach secured Offer & Acceptance from a synergistic firm to acquire the Business.

Commenting on the sales process, Mr. Beston stated: “We were highly impressed with how Johnsons managed the sale process and kept it on track during what was one of the most difficult financial periods for businesses in the foreseeable past in what has been the Covid-19 epidemic.”

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June 2020

A JOHNSONS CORPORATE DIVESTMENT

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to an international trade buyer. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – Vision Environment – has been acquired by Trinity Consultants Inc. for an undisclosed amount. Based in Northern Queensland, Vision is a boutique environmental consultancy firm that specialises in the evaluation, oversight and conservation of water environments. Texas, USA-head-quartered Trinity is an EHS consulting company with offices across the U.S. and in Canada, the UK, and Asiapac.

The team at Johnsons were pleased to act as lead advisors to Vision Environment’s directors and would like to extend our congratulations to both the vendor and purchaser.

In 2019, after 10+ years building the Business, Vision’s owners sought to create a succession strategy that would ensure continued future growth for the firm. They appointed Johnsons Corporate to manage an international sales campaign with the objective of finding a strategic acquirer to take the Business to the next level. Within 4 months of going-to-market, Johnsons’ proactive approach had secured Offer & Acceptance to acquire the Business.

Commenting on the sales process, Vision director Dr Andersen stated: “Given the specialist nature of our business, and likely suitors, we needed a very strategic and targeted divestment strategy. Our appointed broker, Johnsons Corporate, certainly delivered on this front.” Both directors added, “We are thrilled about joining Trinity.”

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November 2019

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to a strategic trade buyer. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – Empowered Learning – has been acquired by Modern Star for an undisclosed amount. NSW-based Empowered Learning is a long-standing and market leading provider of interactive audiovisual technologies to the education sector. The Sydney head-quartered acquirer, Modern Star, is a multinational supplier of educational resources to early childhood services, primary schools, and before and after school care programs.

The team at Johnsons were pleased to act as lead advisors to Empowered Learning’s director and would like to extend our congratulations to both the vendor and the purchaser.

In 2019, having positioned the Business for continued growth in Australia’s education sector, Empowered Learnings owner decided to exit by way of sale to a third party, seeking new owners with the scale & capabilities to continue growing the business at a national level. After engaging our services, Johnsons Corporate secured Offer & Acceptance for the Business on his behalf within 8 weeks of going to market.

Regarding the sales process, Empowered’s director commented: “In the end, we did the deal within about 6 months of going-to-market. We were very pleased with the outcome in relation to both price and deal terms secured.”

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