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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

PRESS RELEASE: Critical Care Education Services sold to Medcast – Johnsons Corporate Divestment

March 2018

Critical Care trainer delivering professional development course

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 and negotiations process, our client – Critical Care Education Services – has been acquired by Medcast for an undisclosed amount. Critical Care is a niche training organisation that provides highly specialised, post-graduate training programs to healthcare practitioners across Australia. Based in Sydney, Medcast is an Australian health professional education company that provides a full range of e-learning solutions and blended courses to clients spanning corporate, government, NGOs and training organisations.

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

In 2017, Critical Care’s director engaged Johnsons to undertake a national divestment campaign on his behalf. Having established the Business more than 25 years previously and grown it into one of Australia’s leading providers of post-graduate training & development services for medical and nursing practitioners, the owner sought to exit in order to move into retirement.

Commenting on the successful transaction, Critical Care’s founder noted: “Right from the outset, Johnsons provided us with the right advice and action plan to navigate the sale process. They were instrumental in locating several potential suitors, as well as being the architect behind the structuring of the transaction to achieve a balanced commercial outcome for both myself and the purchaser.”

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: BusinessWorks sold to Hal Group – Johnsons Corporate Divestment

March 2018

Johnsons Corporate 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 – BusinessWorks – has been acquired by Hal Group for an undisclosed amount. Based in East Melbourne, BusinessWorks is an IT services & managed services provider focused on servicing the SME sector. Based in NSW, Hal Group is a complete IT services company that offers a wide range of solutions to the SME, corporate and government sectors.

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

In 2017, BusinessWorks’s director engaged Johnsons to undertake a strategic divestment campaign on his behalf. After +30 years building the Business into a leading, local one-stop provider of high value-add services, he sought a succession plan from BusinessWorks so as to turn his focus towards personal interests and eventual retirement.

Reflecting on his experience, our client commented: “After meeting with Johnsons Corporate to discuss our objectives, we felt confident that their strategic and proactive approach was the right fit for us… The sale process was managed in a highly professional and efficient manner. The result was a successful sale to Hal Group, a Sydney based IT services company, keen to establish themselves within Victoria.”

> READ THE CASE STUDY

PRESS RELEASE: Mayneline Kitchens & Joinery sold to an undisclosed national construction group – Johnsons Corporate Divestment

March 2017

Overhead view of Mayneline's factory floor

Johnsons is pleased to announce another successful sale of a private, mid-sized Australian business to a synergistic trade buyer. After facilitating a comprehend-sive, end-to-end sales and negotiations process, our client – Mayneline Kitchens & Joinery – has been acquired by interests associated with a national construction group, for an undisclosed amount. Based on Queensland’s Gold Coast, Mayenline is a leading cabinetry and joinery manufacturer specialising in multi-storey residential developments in Sydney, Canberra, Melbourne and Brisbane.

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

In 2016, after growing the business over 12 years, Mayneline’s director engaged Johnsons to assist with a divestment campaign in order to focus more of his energy and resources towards other business & personal interests. Following a comprehensive marketing campaign – targeting international and local trade buyers as well as financial buyers – Johnsons generated more than 42 expressions of interest and secured offer & acceptance within 13 weeks of going to market. As an acquisition Mayneline will provide its purchaser with strategic diversification as well as control over the supply of key inputs.

> READ THE CASE STUDY

PRESS RELEASE: Superior Active Wear sold to Gildan Activewear Inc. – Johnsons Corporate Divestment

April 2017

Overhead interior shot of Superior Activewear's warehouse facilities

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 – Superior Active Wear – has been acquired by Gildan Activewear Inc for an undisclosed amount. NSW-based Superior Active Wear is a market leading importer and national distributor of premium printable apparel, which it supplies to a wide range of Australian wholesalers and to online resellers. It has long acted as Gildan’s exclusive distributor to the Australian marketplace. Headquartered in Canada, Gildan Activewear is a world leader in clothing manufacturing and distributes its products to global markets through both retail and printwear channels.

The team at Johnsons were pleased to act as lead advisors to Superior Active Wear and would like to extend our congratulations to both the vendor and the purchaser.

After more than 30 years in the industry, Superior’s directors were looking for a new owner to lead the Business on its next growth phase. In 2016 they engaged Johnsons to facilitate a sale process seeking a strategic acquirer. Following a comprehensive marketing campaign – targeting both trade and financial buyers – Johnsons generated more than 49 expressions of interest and secured offer & acceptance within 16 weeks of going to market.

For the buyer, Gildan Activewear, this acquisition presents an opportunity to establish a directly controlled distribution foothold in the Australian marketplace. President Mike Hoffman commented, “We are enthusiastic about this opportunity and look forward to working with Superior’s management team to continue growing the business.”

> READ THE CASE STUDY

PRESS RELEASE: Elsie+Betty Design sold to WG Architects – Johnsons Corporate Divestment

June 2016

Elsie+Betty Offices - The Block Arcade Melbourne (Image: Google Maps)

Johnsons is pleased to announce the recent sale of a private, mid-sized Australian business to a trade buyer in the same industry sector. After facilitating a comprehensive, end-to-end sales and negotiations process our client, Elsie+Betty Design – has been acquired by WA Architects for an undisclosed amount. Elsie+Betty is a Melbourne-based boutique interior design practice, specialising in premium commercial fit-outs for a diverse customer-base spanning industry sectors such as hotel, hospitality, retail, banks, offices, aged care and education. WA Architects is an integrated design practice based in Brisbane that offers architectural, interior design and master-planning services.

The team at Johnsons were pleased to act as lead advisors to Elsie+Betty and would like to extend our congratulations to both the vendor and the purchaser.

Having established the Business in 2004, Elsie+Betty Design engaged Johnsons in 2015 to help facilitate its next stage of growth, by way of a sale to a strategic partner. Johnsons’ successful marketing campaign comprised personal calls and direct mail to a database of 600+ prospective industry buyers and secured offer & acceptance within 10 weeks of going to market.

For Brisbane-based WA Architects this acquisition dovetailed with its growth strategy by broadening its integrated commercial offering to incorporate interior design.

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services to mid-sized, private Australian companies. Johnsons is able to deliver results because its approach is specifically designed for the mid-market business sector, targeting financial and synergistic trade buyers. Custom research and direct marketing capabilities combined with expertise in sales and negotiations provide a service unavailable elsewhere in the world of traditional business broking and corporate advisory.

> READ THE CASE STUDY

PRESS RELEASE: Bridgeman Stainless Solutions sold to Direction Fund Limited – Johnsons Corporate Divestment

March 2016

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 – Bridgeman Stainless Solutions – has been acquired by Direction Fund Limited for an undisclosed amount. Bridgeman is the manufacturer and supplier of a wide variety of customised stainless steel products and solutions for a number of commercial and industrial sectors. DFL is an investment fund that invests in SMEs and listed stocks in order to enhance returns for charitable organisations for the deaf and hearing impaired.

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

In 2015, Bridgeman engaged Johnsons as its managing director sought to step back and set in place a succession strategy for his retirement. The directors also believed the Business would benefit from a new owner with the capital and capabilities to take the business to the next level.

Prior to engaging Johnsons Corporate, Bridgeman had dealt with two other advisors over a 2+ year period with no successful outcome. Within 4 months of going-to-market, Johnsons’ proactive approach had secured 3 written offers to acquire the Business. Of those, DFL went on to undertake exclusive due diligence and complete the acquisition.

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, targeting financial and synergistic trade buyers. 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: SRO Group sold to Murray Engineering – Johnsons Corporate Divestment

April 2016

Example of an SRO Electrical custom control panel

Johnsons is pleased to announce the sale of a private, mid-sized Australian business to a trade buyer in the same industry sector. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – SRO Group – has been acquired by Murray Engineering for an undisclosed amount. SRO Group is a leading electrical engineering business with operations in Australia and China that provides turnkey solutions for the design, manufacture and integration of electrical infrastructure for heavy industrial projects. Murray Engineering is a Western Australia resources services provider.

The Johnsons team were pleased to act as lead advisors to SRO Group and would like to extend our congratulations to both the vendor and purchaser.

In 2015, SRO Group engaged Johnsons to find an investor to help take the business to the next level. This was Johnsons second engagement with the Business, having previously divested the Group’s mechanical division in 2013.

For Murray Engineering the acquisition opportunity represented a chance to create a national presence. Managing director, Craig Lindsay-Rae, said the acquisition was a union of two like-minded companies. “SRO’s expertise and professionalism provides Murray Engineering with electrical and mechanical opportunities on the eastern seaboard.”

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, targeting financial and synergistic trade buyers. 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: Tradequip sold to Borum Importers – Johnsons Corporate Divestment

October 2015

Tradequip's warehouse facilities and dispatch office

Johnsons is pleased to announce another successful sale of a private, mid-sized Australian business to a synergistic trade buyer. After facilitating a comprehensive, end-to-end sales and negotiations process, our client Tradequip – a leading Australian importer and wholesale distributor of industrial tools and equipment for the professional trades markets – has been acquired by Borum Importers – a growing Perth-based industrial equipment distributor – in a structured asset sale for an undisclosed amount.

In late 2014, Tradequip’s directors engaged Johnsons to divest the Business in order to pursue retirement plans. Furthermore, they believed the Business would greatly benefit from being part of a larger distribution company.

Commenting on Johnsons divestment strategy, which positioned Tradequip as an ideal bolt-on opportunity for existing equipment distributors, company director Frank He noted: “This focussed approach resulted in a number of meaningful discussions with interested parties within our sector. The end result was a great match with the final purchaser in Borum Importers.”

For Borum the acquisition opportunity represented a great fit with its strategic growth plans. Based in Western Australia, the purchase gives the business a solid entry into the Victorian market and, critically, an established base for expanding across Australia’s Eastern Seaboard.

The team at Johnsons were pleased to act as lead advisors to the deal and would like to extend our congratulations to both the vendor and buyer.

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our approach gets results because it is specifically designed for the mid-market business sector. Our custom research & targeted marketing capabilities combined with our expertise in sales & negotiations provide a service unavailable elsewhere in the world of traditional business broking and corporate advisory.

> READ THE CASE STUDY