Supply and Hire of Speciality Tooling Mining and Oil & Gas
This is an excellent opportunity to acquire an established business specialising in the supply of specialty tooling to the Mining and Oil & Gas industries. The business has divisions which include hire, service, calibration, sales and training divisions. The business provides a high level of quality speciality tooling equipment and speciality tool servicing and calibrations to its customers. The business also maintains a large hire range. Customers can access the products quickly, eliminating waiting times.
Over the years it has been operating, the business has built a solid reputation as a quality and reliable operator in Western Australia. The customers are mostly located in the North-West and Perth regions. The business has Vendor Numbers in place with most of the major companies. It also provides equipment to many of the main contractors to the major companies.
The benefits of this business include scope for further development, an established customer base, experienced staff and a good long-standing reputation with customers. The business has the necessary staff, vehicles, plant and hire equipment needed to run the business.
This business is of a good scale and could be an excellent bolt on for an aligned business with an interest in entering this field and adding to their current offerings or a business wanting to develop a stronger presence in this industry. The business is of good scale and could also be suitable for someone who is well funded and wanting a "stand-alone" profitable business in this industry which they could potentially grow and expand further.
This opportunity could be an excellent strategic acquisition for the right purchaser or business group.
Asking Price $3,070,000 plus Goodwill via EOI:
Vehicles, Plant & Equipment & Hire Equipment - $2,950,000
Stock (estimate) - $120,000
Goodwill - via Expressions of Interest
*Work In Progress to be calculated at settlement (if applicable)
The Seller has requested that potential buyers be qualified for finance prior to progressing further. Due to the confidential nature of this transaction, further information will only be provided to parties which have been approved by the Seller.
When completing the Confidentiality Agreement please provide as much information as possible so we can understand your circumstances, broad acquisition strategy/criteria and level of funding availability. We will be forwarding this to the Seller for their approval to release the Information Memorandum. The Information Memorandum explains the opportunity in detail, so you can better determine whether to progress further to meeting or a teleconference with the Seller and ourselves.
For more information and a Confidentiality Agreement, please contact:
David Screaigh 0409 113 814
Catherine Jones 0409 104 655