Project Purton: Gantry Class B Hoarding Business for Sale
· FYJune’19F: Sales $8.2m & EBITDA: $3.1m, margin 27%;
· overhead gantries and façade retention systems and handrails
· CBD commercial, infrastructure and residential construction activity underpin product use
Purton specialises in the supply of class B hoardings, facade retention systems and handrail solutions
· founded in 1950’s and has since grown an extensive base of large construction and major events clients
· provides customised integrated engineering /design and supply of protective construction systems
· benchmark for overhead protection gantries and façade retention systems
Investment Thesis
Supplying high quality temporary work solutions for over 60 years
· Purton holds a dominant position a growing market.
· As the first or second contractor onto every building site, it is an incredible growth opportunity suitable for integration with other construction sector offerings
An exceptional opportunity for growth and Australia-wide expansion
· the business currently servicing inbound leads only. The business currently tends to skip interstate and regional projects to focus on the Melbourne CBD
· an opportunity exists for a new owner to expand the business throughout Victoria or Australia by leveraging the brand recognition, proven business model, stock, and infrastructure
Purton’s well-respected industry reputation leads to a high rate of returning customers
· Purton is the market leading supplier of these systems
· most clients are large construction businesses or major events companies on forward contracts
· customer retention rate remains high due to quality of service, results and nature of project
· repeat clients represent almost 90% of total revenue
Transaction Dynamics
· 100% divestment of the business on a cash free debt free basis
· logical add-‐on for an existing company or as a starter business for an owner manager
Process
· execution of NDA from approved parties will lead to the release of the transaction IM
· Indicative non binding offers
· due diligence
· final offer and contract negotiations
Interested parties may click here to download an NDA for this project.
Please send the completed NDA to Melbourne@advisory.com.au for further information.