Lloyds Brokers has completed the Sale of a highly successful and much sought after Public Sector & NFP Valuation & Strategic Asset Management Business.
This 30-year-old Brisbane based business is a leader in the specialised and rapidly expanding areas of financial reporting valuations, insurance valuations and strategic asset management within the public and not-for-profit sectors.
Features of this business include:
• Strong performance; averaging c.29% return on combined professional services and licencing income over the past 2 years
• Unique, technology enabled services using patented and proprietary software
• High levels of industry recognition and bid invitations
• Large and expanding client base across Australasia
• Ongoing, repeat business arising from clients' revaluation needs
• Approved service provider to a wide range of State and Local Governments
• Potential for extensive service expansion, both in Australia and internationally, utilising expert support and technology enablement.
Lloyds initiated the sales process with a Business appraisal and Preparation of an Information Memorandum and Marketing teaser. This highly sought-after business received over 60 qualified enquiries and several offers.
Lloyds facilitated introductory meetings between Management and Directors through all aspects of the Sale process, including Deal structuring and negotiation of Sales terms. The Sale of 60% of the shares (enabling the retirement of one partner) was conducted by Lloyds' NSW Director Karen Dado who worked closely with Management to achieve a successful result.
"Having operated a very successful and specialised business in a niche market for over 30 years, we knew it would be a challenge to find a buyer willing to acquire part of the business to facilitate the retirement of one partner. Lloyds, and in particular, Karen Dado, were able to identify and bring to the table a number of bidders through their extensive client network. We cannot thank them enough for their professionalism, persistence, and communication throughout the entire process."
David Edgerton Director
If you own a business in the Professional Services sector, talk with Lloyds Brokers on 1300 366 943 for advice on how to buy or sell your business. We have teams of brokers in Melbourne, Brisbane Brokers, Adelaide Brokers and Sydney Brokers.
