Business Sales Market Update

A steel building fabrication business based in Victoria was successfully completed in a recent sale transaction, surpassing expectations. The expressions of interest campaign garnered significant attention through a national outreach to over 100 potential buyers. The response was strong, with 58 enquiries received, and the first offer led to a successful sale. Both parties were pleased with the outcome, marking a seamless and satisfying transaction that highlighted the value of the business in the industry.

The business specialises in welding supply, sales, service and hire in the Northern Territory. The founding owner was at retirement age and had moved interstate. The time was now to sell the business. We built a target list of suitable prospective purchasers in similar or related industries. It was a tough sell, mainly because of the remoteness of the NT in comparison to the rest of Australia. Our campaign was very successful. It attracted 70 enquiries, and in the end the business was sold to South Pacific Welding Group who are a part of a leading global industrial gases and engineering Company for a price the owner was extremely happy with.

This West-Australian-based business had been in the same owners hands for many years, and they had reached retirement age and were looking to exit. We created a campaign that focused on sophisticated investors, as we felt they would be the best fit. The campaign reached out to all States and Territories across Australia. We received 67 enquiries from buyers, and dealt with 4 serious parties in the end who reached the offer stage. We negotiated a deal that saw the business sell quickly, and to a very strong buyer at a price the owners were very happy with.