Trade players accounted for 95% of mid-market business services deals in the half year to 30 June 2019. Horizontal integration of companies is a common theme as trade buyers seek to enter new geographical or ancillary markets through acquiring an established market share rather than through pursuing organic strategies.
In this bulletin we are looking at the ‘business services’ sector in Australia and analysing the deals that have occurred in the first half of 2019.
Michael Sonego, Partner and Alex Pocock, Client Director at our Melbourne firm congratulates bus company Donric Group on the successful sale to family business Christian’s Bus company. The transaction is one of the largest in the industry in recent times and sees Donric contributing to the expansion of a 100-year old family business.
A rise in the use of external advisors by the public service and large listed companies is set to drive a new wave of M&A activity in the consulting sector.
The acquisition of Pitcher Partners client, Flight Data Systems (FDS) represents the latest addition to ACR Electronics’ growing portfolio of aviation brands, which includes ARTEX and SKYTRAC. The new unified affiliation between three of the industry’s leading companies will enable ACR Electronics to offer an enhanced product line and service offering for the aviation market place.
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