Continued Profits in the Coal Mining Industry - Bowen Basin

Opportunity Snapshot

Investment Opportunity

This firm provides key maintenance to either preserve or increase an assets service life, such as abrasive blasting and protective coatings.

With the mining climate moving out of construction mode and into production, this business is well placed to keep moving forward and prosper, being predominately maintenance focused.

Established in 2006, this firm provides key maintenance to either preserve or increase an assets service life, such as Abrasive Blasting, Protective Coatings, Polyurethane Spraying, Industrial Painting, Pipe work and Tiling. Service areas range from fixed to mobile plant to ports to commercial premises.

The company has a diverse range of clientele and obtained Vendor Numbers at many Blue Chip multinationals such as BMA (BHP), Rio Tinto, Peabody, Glencore, Sedgman, Thiess, DBCT, Monadelphous and Ausenco. They also have a steady line of clientele from small to medium enterprises and the domestic market.

With experienced management and workforce in place to run the business and comprehensive workshop infrastructure, there is still plenty of opportunity for the Buyer to increase the company’s market share. Current levels of success have been achieved with very little advertising or a BDM.

Rationale for the deal

The current Owner wishes to sell the business to take up an opportunity abroad.

T/O: $1.5m

EBITDA: $500K

Use of financing

TAP

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