Expressions of interest are being sought to acquire a leading provider of metal fabrication, construction engineering and maintenance services based in Western Australias South West region. The Company is a reputable full-service business, servicing clients across Western Australia both onsite and from its own facility, supported by an extensive plant and equipment fleet whilst also providing labour hire and plant hire on projects as required.
The Company has a track record of delivering projects throughout the state, including on some of the largest resource, construction, engineering and consumer products companies in their industries. After 9 years within the same family, the shareholders have decided to explore the potential to sell the business to a strategic partner who can help to facilitate growth.
The Company has an established position and is well known within the industry, allowing it to build long standing relationships with clients. It has a strong reputation for consistent high quality service delivery, deploying only appropriately trained staff on client projects.
Business Highlights:
Provides the full suite of services including fabrication services, construction & installation services, shutdown maintenance services, labour hire and plant hire;
Strong growth profile, with revenues growing by 67% p.a. over the last 4 years (CAGR);
Delivered $6M+ revenue in FY20 (15% growth on FY19) and $1.8M+ EBITDA;
Forward project pipeline with
ISO accreditation received in respect of quality management, environmental management, and OH&S to assist in retaining and winning large and international client; and
Professionally managed with long tenured staff base, where the current owners are willing to remaining to facilitate a smooth transition.
Assets included in the sale:
Fully equipped workshop (on leased premises with options remaining);
$1.5M Mobile Plant & Equipment Fleet;
$300k Major Workshop Equipment; and
Other assets.
As a privately owned operation, the business has been conservatively managed to date, providing significant growth opportunities for a well-funded purchaser with an appetite to expand the business.
