We're pleased to present to the market an industry-renown, family-owned and operated, steel fabrication & welding engineering company that has been diligently servicing Australia's cornerstone coal mining industry since 1998. Although possessing broad-based design, engineering, fabrication and servicing capabilities, the company specialises in supplying underground mine ventilation control devices (VCDs) and equipment supply pods to mines in QLD & NSW.
Asking Price: $22,000,000
Revenue: ~$13,000,000
Net Profit: $~$4,500,000
- Vendors are open to disposing of freehold property at both sites (valuation approx. $2.5m further)
Equipment Value: $6,000,000 - $7,000,000
Reason For Sale: Retirement
Deal Highlights
Bluechip Client Book: The Company boasts a premium and enviable client book, holding established and loyal relationships with the likes of Rio Tinto, Minova Australia, Xstrata, BHP and ORICA (and many more).
Completely Under Management: Vendor involvement in the business is currently very limited, with one director having completely retired and the second dedicating a few hours per week to general administrative oversight. Both workshops have general management in place and are supported by an exceptionally trained and cohesive team of ~30 full-time staff (admin, sales & fabricators).
Smooth Transition: Each workshop has a dedicated general manager in place that is willing to stay on for at least a few years.
Exceptional Reputation: The Company has earned a stellar reputation for delivering top-notch mining equipment and ongoing maintenance servicing throughout NSW & QLD coal mines. Over the years, they have built a large and reliable transport fleet and are known within the industry for their timely production, delivery and quality after-sales care via their mobile welding service. For over 25 years, the Company has not conducted marketing and relies solely on word-of-mouth.
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