Tag Archives: business sale

PRESS RELEASE: Beemart sold to JE Tipper

June 2020

A JOHNSONS CORPORATE DIVESTMENT

Wholesale distribution of fresh produce

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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PRESS RELEASE: Vision Environment sold to Trinity Consultants, Inc.

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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PRESS RELEASE: Empowered Learning sold to Modern Star – Johnsons Corporate Divestment

November 2019

Empowered staff displaying screen technology

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.”

> READ THE CASE STUDY

PRESS RELEASE: Workforce Clothing sold to ATOM – Johnsons Corporate Divestment

November 2019

Model wearing workforce safety shirt, gloves, and goggles

Johnsons is pleased to announce the sale of a private, mid-sized Australian business to a related trade buyer. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – CIGL Pty Ltd – has successfully divested its Workforce Clothing business, which provides high quality industrial workwear to the Mining, Engineering, Transport, Manufacturing and Civil Con-tracting sectors across Australia. The acquirer – ATOM – is one of Australia’s leading and fastest growing Industrial Hardware & Safety Equipment suppliers.

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

A privately owned and diversified industrial products company, CIGL had originally acquired the Workforce Clothing business in 2011. In 2018 the directors made a strategic decision to divest non-core assets and re-focus their energy and resources on CIGL’s primary operations. They engaged Johnsons undertake a divestment campaign on their behalf, seeking a strategic acquirer with the resources to continue its growth and development.

“Our initial discussions with Johnsons Corporate led us to the conclusion, that whilst a divestment of this asset would require some ‘heavy lifting’ given the dynamics within the sector, with the right approach and a genuine commitment to the divestment process, an outcome could be achieved.” Within 8 weeks of going to market, Johnsons secured Offer & Acceptance with the strategic trade buyer.

> READ THE CASE STUDY

PRESS RELEASE: Eastern Automation sold to HI Fraser Group – Johnsons Corporate Divestment

May 2019

Hydraulic engineers working on Eastern Automation's workshop floor

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 – Eastern Automation – has been acquired by the H.I. Fraser Group for an undisclosed amount. Based in Victoria, Eastern Automation is a niche provider of fluid power & process control solutions to a select mix of blue chip custo-mers, who span the transport, water, construction, manufacturing, waste and petrochemical industries among others. H.I. Fraser Group is a growing professional engineering firm, operating from WA & Sydney, with expertise in a number of fields.

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

In 2018 Johnsons Corporate was engaged to undertake a strategic divestment campaign on behalf of the Business’s director. Our mandate was to find a strategic suitor, who could best lead the Business on its next stage of growth and provide succession for its owner. Johnsons ran a ran a direct marketing campaign that targeted a wide range of diversified engineering services providers as well as more generalised industrial services providers and industrial products distributors. These efforts generated 41 expressions of interest, and Johnsons secured offer and acceptance within 10 weeks of going to market.

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients get results because Johnsons’ approach is specifically designed for the mid-market business sector. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.

> READ THE CASE STUDY

PRESS RELEASE: Edington Agencies sold to Aldridge Capital – Johnsons Corporate Divestment

March 2019

Exterior shot of Edington's head office

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to an Australian financial buyer. After facilitating a comprehensive end-to-end sales and negotiations process, our client – Edington Agencies – has been acquired by Aldridge Capital for an undisclosed amount. Based in QLD, Edington offers best practice solutions for electric motor and power transmission applications in HVAC systems. Aldridge Capital is an Australian investment company, based in Sydney that holds multiple industrial businesses in its portfolio.

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

In 2018 Edington’s director engaged Johnsons Corporate to undertake a strategic divestment campaign on his behalf. Having established and grown the Business since 1991, he thought the timing was right to pass ownership to a strategic suitor, who could best lead the Business on its next stage of growth.

Johnsons ran a ran a broad direct marketing campaign that targeted distributors of electrical motors, power transmission equipment and other related industrial products as well as service providers in the HVAC space. These efforts generated 28 expressions of interest, and Johnsons Corporate secured offer and acceptance within 10 weeks of going to market. For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients get results because Johnsons’ approach is specifically designed for the mid-market business sector. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.

> READ THE CASE STUDY

PRESS RELEASE: Leading Australian Online Spare Parts Reseller sold to an Undisclosed Overseas Buyer – Johnsons Corporate Divestment

June 2018

Mix of home and electronic appliances

Johnsons is pleased to announce the successful sale of a private, mid-sized eCommerce business. After facilitating a comprehensive, end-to-end sales & negotiations process, our client has been acquired by an undisclosed overseas corporate. Spares Online operates a proprietary online platform with automated inventory management and distribution systems for retailing spare parts & consumables for a wide range of appliances and consumer electronics. Based in Europe, the private equity backed buyer is a leading B2B spare parts supplier to commercial markets across the EU and globally.

The team at Johnsons were pleased to act as lead advisors to the Australian business and its directors and would like to extend our congratulations to both the Vendor and the Purchaser.

After 10 years of building Spares Online to become one of Australia’s leading online spare parts resellers, the owners sought to find a strategic acquirer that could help take the Business to the next level. In 2017, Johnsons was engaged to undertake a global divestment campaign.

Within 2 months of going-to-market, Johnsons had secured 4 offers (three Australian trade buyers and one European corporate) plus strong interest from other local and international prospective purchasers.

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients get results because Johnsons’ approach is specifically designed for the mid-market business sector. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.

> READ THE CASE STUDY

PRESS RELEASE: Torque Industries sold to Coventry Group Ltd – Johnsons Corporate Divestment

November 2018

Montage of Torque Industries' products & services

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to a related industry buyer. After facilitating a comprehensive end-to-end sales and negotiations process, our client – Torque Industries – has been acquired by ASX-listed Coventry Group Ltd. Operating in South Australia, Torque is a diversified engineering company with sales in excess of $14M, healthy EBIT margins and 35+ staff servicing a broad range of industry sectors. Coventry Group provides industrial solutions to the mining, construction and manufacturing industries with a turnover of approximately $150M.

The team at Johnsons were pleased to act as lead advisors to Torque Industries’ directors and would like to extend our congratulations to both the Vendors and the Purchaser.

Torque’s shareholders had sought an exit to focus on other business interests and required a new owner to take the Business through its next growth cycle. The Business had previously undertaken a selective sale process via a corporate advisor. Although mild interest was generated, no deal eventuated. This time around they sought a different approach and appointed Johnsons Corporate.

Within 10 weeks of going-to-market Johnsons had undertaken site inspections with 4 interested buyers, secured indicative offers from 2, and completed Offer & Acceptance with Coventry Group Ltd. The due diligence and legals processes were both completed within 9 weeks.

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients get results because Johnsons’ approach is specifically designed for the mid-market business sector. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.

>READ THE CASE STUDY

PRESS RELEASE: Crown Project Services to Currie & Brown – Johnsons Corporate Divestment

December 2018

The CPS team in front of its Sydney headquarters

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to an international trade buyer in the industrial services sector. After facilitating a compre-hensive end-to-end sales and negotia-tions process, our client – Crown Project Services (‘CPS’) – has been acquired by Currie & Brown out of Hong Kong & London for an undisclosed amount. Sydney-based CPS specialises in the provision of Independent project management services to Australia’s property & infrastructure sectors. Currie & Brown is an international physical assets management and construction consultancy, providing services to both the public and private sectors.

The team at Johnsons were pleased to act as lead advisors to CPS and would like to extend our congratulations to both the Vendor and Purchaser.

Having established and grown the Business over 14 years, CPS’s managing director engaged Johnsons to assist with identifying a strategic acquirer to take the Business through its next growth phase. Following  a comprehensive research and marketing campaign – targeting both trade and financial buyers – Johnsons generated more than 18 expressions of interest from the market.

Regarding the transaction, David Hughes, who co-founded CPS and acted as the company’s managing director and chairman, remarked: “We are pleased to be part of Currie & Brown, as our operations are complementary and our cultures are aligned.  For staff and clients, it is ‘business as usual’, but we now have the advantage of being able to draw on the expertise of an international consultancy to provide clients with a broader range of services and experience in more sectors.” For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients achieve great results because Johnsons’ approach is specifically designed for the mid-market business sector. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.

> READ THE CASE STUDY

PRESS RELEASE: Metco Industrial sold to ThoroughClean – Johnsons Corporate Divestment

March 2018

A worker using a Metco distributed Jetstream product to clean industrial equipment

Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to a synergistic trade buyer in the industrial services sector. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – Metco Industrial – has been acquired by ThoroughClean for an undisclosed amount. Based in Adelaide, South Australia – Metco has long specialised in the design, assembly and manufacture of purpose-built ultra high pressure water cleaners (15,000 to 40,000 psi). ThoroughClean is a QLD manufacturer of mid-range high pressure water cleaners (2000 to 15,000 psi), supplying several market sectors including both light and heavy industrial.

The team at Johnsons were pleased to act as lead advisors to Metco and would like to extend our congratulations to both the Vendor and the Purchaser.

After 9 years progressing the R&D of Australian-specific high-pressure solutions and more than doubling sales over the last 5 years, Metco’s owner engaged Johnsons to lead a divestment campaign to identify a strategic acquirer to take Mecto to the next level. Following  comprehensive buyer research and a national marketing campaign – targeting both trade and financial buyers – Johnsons generated more than 39 Expressions of Interest and secured Offer & Acceptance within 12 weeks of going to market.

According to ThoroughClean’s CEO, the acquisition of Metco is an important step in achieving the company’s goal to become the leading supplier in Australia and New Zealand of a diversified range of high pressure water solutions.

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients achieve great results because Johnsons’ approach is specifically designed for the mid-market business sector. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.

> READ THE CASE STUDY