Lloyds Brokers has completed the Sale of a long-established pumping and mixing equipment business which holds distribution rights with a wide range of leading global concrete equipment manufacturers.
The business offers its blue-chip customers the best solutions for their needs across the construction, mining and infrastructure sectors. The mining and industrial machinery wholesaling industry is forecast to grow at an annualised 2.0% over the next five years.
The new owners are financial and strategic investors, with deep experience in high capital-intensive businesses including spare parts and accessories sales and are well positioned to take advantage of this sector growth.
Transaction Advisors
The Sale was conducted by the Lloyds NSW Director Karen Dado who, through using the proven Lloyds Corporate Business Sales Process, in conjunction with the application of target marketing, produced 20 qualified enquiries and some spirited offers which ultimately resulted in a pleasing outcome for both Vendor and Buyer.
"Many thanks to Karen and the team at Lloyds Brokers for their assistance throughout the transaction; their professional approach enabled the process to run smoothly and in a timely manner",
John Clare, Antec CEO.
Paul Henry at Hitch Advisory served as Antec's legal advisors.
If you own a business in the Import Distribution sector, talk with Lloyds Corporate 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.
